Compaq Message Board - Msg: 16113818

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Technology Stocks : Compaq

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To: Night Writer who wrote (92209)	7/23/2001 8:35:16 AM
From: Elwood P. Dowd	Read Replies (1) of 97611

CISCO IS UPGRADED BY UBS WARBURG by: innovationtech2001 07/23/01 08:24 am Msg: 270188 of 270193 7:18am 07/23/01 Cisco 'won't miss' est., upgrade at UBS (CSCO) By Emily Church UBS Warburg is upgrading shares of Cisco Systems (CSCO) to a buy rating from a hold. Analyst Nikos Theodosopoulos told clients overnight that his channel checks "indicate Cisco is not scrambing to make the current July quarter... The U.S. market appears to have stablized and recovered slightly for Cisco. The telecom market remains tough for all, but Cisco's metro optical product line appears poised for a rebound." Shares rose 91 cents to $18.90. Analysts on average are expecting Cisco to post earnings per share of 2 cents and a 10 percent decline in revenue. (SOURCE, MARKETWATCH.COM)

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