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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.26+1.2%3:59 PM EST
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To: RetiredNow who wrote (58073)2/27/2002 2:31:10 PM
From: Mick Mørmøny  Read Replies (1) of 77400
 
mm: Are buying at 14, or are you going to wait for 11?
Mick(_$_)
~~~~~~~~~

1:19 (Dow Jones) Cisco (CSCO) shares are off 5% after Wachovia Securities cuts its estimates of the networker's 3Q, which ends in late April. Analyst Stephen Koffler cites continued capital spending cuts by telecom providers and project delays by corporate customers. The stock could test its September low of $11 if investors conclude 3Q sales will fall from 2Q levels, he says. It was at $14.83 in recent trading. (PDL)
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