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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

0.0%

Dec 24 12:59 PM EST

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To: kvkkc1 who wrote (53916)	7/6/2001 11:06:56 AM
From: RetiredNow	Read Replies (1) of 77400

I don't know. 50's a bit steep, given the previous cuts should just now be rippling through the economy. He doesn't want to use all his ammo up too soon and end up in a Japan-like situation. Although, I've never agreed with that comparison, since Japan has so many political idiosynchracies which bias that economy towards inefficiencies. Not to mention their severe banking problems and corporate incestuousness. Anyway, back to the topic at hand. I bet a 25 pt cut. BTW, whoever said they were about to buy Cisco at $17.5, I'd hold off if I were you. Wait until we are a week or so away from the earnings call. Then you have a better chance of buying without worrying about another bomb being dropped on you. Of course, I'm waiting for the con call myself. If Cisco survives this quarter and meets earnings, then the stock may do ok for the next 3 months.

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