Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 257.58

-1.4%

11:54 AM EST

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To: trilobyte who wrote (51092)	8/23/2001 7:46:04 PM
From: Cary Salsberg	Read Replies (1) of 70976

CSCO sees tentative indications that the fall in its revenues is coming to an end. Flat to 5% down guidance has held for a month. If revenues actually stop falling, then the investment community must determine when they will start rising, what will be the rate of increase, and what are the appropriate price valuations. CSCO's news is similar to the btb orders. They are both positive signs, but after huge declines, it is not certain if they are the equivalent of a "dead cat" bounce for purchasing managers or if they really point to a bottom and a turn. There is too much fresh news of layoffs and sales declines all around the world for CSCO to change the current psychology much, but if they achieve a flat quarter and strongly estimate flat to 5% up for future quarters, you will get your "psychological" turning point.

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