Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

3:59 PM EST

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To: Jacob S. Rosenberg who started this subject	3/30/2001 2:14:34 PM
From: Biff Malibu	of 77400

Cisco Systems (CSCO) 15 7/16 +3/16: Needham & Co upgrades to STRONG BUY from BUY; over-expansion of network service providers appears to be combining with much more conservative enterprise spending to lead to extreme unsettledness in the current equipment market; consequently, firm reduces revenue and earnings estimate for both the July 2001 and 2002 years; trims five-year growth model, which leads to reduction in target price to $21 from $23; as a result, firm believes CSCO now appears to offer sufficient potential gain to the new target to merit new rating.

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