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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.32

-0.1%

Jan 30 9:30 AM EST

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To: Jacob S. Rosenberg who started this subject	10/19/2002 5:50:50 PM
From: Lizzie Tudor	of 77400

Biggs likes cisco and sees the S&P rising 23% by the eoy (a pretty big move- especially for the S&P sheesh) Morgan Stanley's Biggs Recommends Cisco, EMC and Intel Shares By Anna Dubrovsky New York, Oct. 17 (Bloomberg) -- Morgan Stanley Chief Global Strategist Barton Biggs said investors should buy stock in Cisco Systems Inc., EMC Corp., Intel Corp. and other technology companies whose shares have dived this year. ``You grit your teeth and buy the fallen angels,'' Biggs said in an interview with Bloomberg Television. ``You're going to get the biggest bang for the buck in the stocks that have been really smashed down.'' If investors continue to see favorable corporate and economic news, a stock market rally through the end of the year could carry the Standard & Poor's 500 Index to 1050 or 1100, Biggs said. ``The world is in for a period of three to four years of relatively slow economic growth and relatively dull stock markets,'' he said. ``But within that dullness, you can have once every 18 months or 2 years a big rally. And, boy, you'd better not miss it because there ain't gonna be much fun the rest of the time.'' bloomberg.com

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