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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: John Koligman who wrote (53531)	6/1/2001 6:00:21 PM
From: uu	Read Replies (2) of 77400

I could not stop laughing when reading the following CSCO news: CSCO down 0.56 to 18.70 after filing a 10-Q with the SEC which stated telecom spending should remain weak and gross margins will contract Now, this sounds as if those morons who bought the stock in the $17's all the way up to $24 just 2 weeks ago did not know about what is stated in the 10Q filing!! And now all of a sudden it has become apparent to them that jee, cisco is saying telecom spending will remain weak and gross margins will contract. And as a result they are now rushing to the doors to sell the stock! The likes of Lehman brothers have already given their blessings with Cisco when the stock was in the low $19's about 3 weeks ago, and I have a strong feeling any dip into the $18-$19/shr will be faced with aggressive buying. We of course will find out next week.

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