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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.25

0.0%

11:42 AM EST

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To: RetiredNow who wrote (56022)	10/23/2001 9:25:16 AM
From: Proud_Infidel	Read Replies (1) of 77400

Cisco reordering Cisco (CSCO: news, chart, profile) climbed 51 cents, or 3 percent, to $17.34. Analyst B. Alexander Henderson at Salomon Smith Barney said recent data from the Cisco's suppliers indicates the company is reordering, indicating it will remain on stable footing at least through the end of the next quarter. "The information we have is not definitive, but we feel it is sufficient to suggest the company's positive stance on the October quarter is not an isolated event," Henderson said in a note to clients. "We may have over cut our numbers following the Sept. 11 events." He raised his bottomline estimate for the Cisco's fiscal first quarter to 2 cents a share from breakeven. His fiscal 2002 EPS estimate was raised to 16 cents from 8 cents, and his 2003 EPS forecast was raised to 32 cents from 27 cents.

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