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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (38208)	6/26/2001 9:56:25 AM
From: Dealer	Read Replies (1) of 65232

CSCO--07:36 ET Cisco Systems (CSCO) 18.51: Channel checks by Lehman reveal that some of Cisco's end markets may be continuing to see subdued near-term trends. As a result, firm is resetting estimates and moving current Q4 forecast towards consensus. Q4 goes from $0.03 to consensus $0.02; FY02 est. reduced to $0.20, the lower end of analyst $0.16-$0.42 range and compared to consensus of $0.29.

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