Compaq Message Board - Msg: 17020088

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Technology Stocks : Compaq

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To: Night Writer who wrote (95117)	2/6/2002 8:28:44 AM
From: Elwood P. Dowd	Read Replies (1) of 97611

8:09am 02/06/02 Cisco to beat Q2 forecasts, shares gain (CSCO) By Tomi Kilgore Cisco Systems (CSCO) said an internal memo regarding its fiscal 2002 financial results was "prematurely and inadvertently distributed" to a large number of employees after the close of trading on Tuesday. "We felt it was necessary to disclose this information publicly, given the broad internal distribution of the communication," said Larry Carter, Cisco's chief financial officer. "So as to minimize any potential confusion, the results we announce this afternoon will exceed the current consensus estimates of earnings per share and revenues for the second quarter of our fiscal year." The company said it would still intends to release full results after the close of trading Wednesday. Analysts surveyed by Thomson Financial/First Call are forecasting earnings of a nickela a share on revenue of $4.55 billion. The company added that booked orders for the quarter ending January were $3.9 billion, above its target or $3.75 billion. The stock is rallying 40 cents at $18.90 in pre-open trading. SOURCE MARKETWATCH.COM

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