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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.40

-0.5%

3:59 PM EST

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To: Lizzie Tudor who wrote (61327)	9/19/2002 12:15:49 AM
From: larry	Read Replies (1) of 77400

Lizzie, I am thinking of 8 instead of 6. I also doubt that we will see THE BOTTOM this year. I work in a top ten pharma, and according to what I see and hear, things are not going well at all in any of the top 10 drug companies. Basically, the theme is that it's pretty far fetched to meet the bottom line for 03, and everyone is trying to hit the number by cost cutting. Hiring will be frozen for at least 6 months, R&D budget and IT budget are cut, meeting expenses are cut......we are facing a even tougher situation than it was in the last 12 months. And the big drug companies are still make decent money, what will happen to those guys that are walking on ice? BTW, I just heard some very bearish news on ORCL. It seems to me that it's a safe bet that they will see a steady decline in the top and bottom line numbers for a while and it can print $5 before moving significantly higher. Now a separate issue......If CSCO is gonna print 6-8, where will NAZ and QQQ be traded? My guess are 800 and $15 respectively. And it suddenly seems to me that DOW 5k and S&P at 500 is getting more and more realistic. larry

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