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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.40-1.4%3:59 PM EST

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To: SouthFloridaGuy who wrote (59404)5/9/2002 6:49:49 AM
From: Zoltan!  Read Replies (1) of 77400
 
RESEARCH ALERT-Merrill raises Cisco earnings views
5/8/02 9:00 AM
Source: Reuters

NEW YORK, May 8 (Reuters) - Merrill Lynch on Wednesday said it raised its outlook for Cisco Systems Inc. through 2003, a day after the No. 1 maker of gear that directs Internet traffic said its quarterly profit more than tripled.

The investment bank increased its targets for calendar 2002 operating earnings per share to 49 cents from 39 cents, and to 58 cents from 51 cents for calendar 2003. ``Cisco's balance sheet continues to be stellar,'' Merrill Lynch said. ``Cisco's dominant position in data networking, current reasonable valuation, and potential signs of recovery easily justify our intermediate term 'buy' rating.''
news.cnet.com
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