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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.15

+4.3%

10:35 AM EST

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To: Frederick George who wrote (49350)	2/23/2001 8:14:31 PM
From: Jacob Snyder	Read Replies (2) of 77398

I'm still looking for a buy-in price. The support at 25 looks nice, but it hasn't lasted very long. I think I need to see it go up to 32, or even 43, and then come back down to 25 in a month or two, and have 25 hold, before I'm willing to guess a bottom is in. I also don't think the entire story is yet out, re bad debts/EPS cuts. Having missed one quarter, with the economy picking up (best case) in July, I think Cisco will have to guide estimates lower for next quarter as well. And there is a distinct possibility that the economy (and network/telco equip demand) doesn't pick up till 2002. So I think I'll stay on the sidelines for now. Also, the news that picked the market up today was hope (nothing for sure) of an intra-meeting fed rate cut. If it doesn't happen, do we tank again?

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