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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.26

-0.1%

1:09 PM EST

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To: Lizzie Tudor who wrote (64329)	8/1/2003 12:57:52 PM
From: Lizzie Tudor	Read Replies (3) of 77397

RESEARCH ALERT-CSFB raises Cisco price target to $20 from $17 NEW YORK, Aug 1 (Reuters) - Credit Suisse First Boston on Friday said it raised its price target for Cisco Systems Inc. (NasdaqNM:CSCO - News), the world's largest maker of equipment that directs Internet traffic, to $20 from $17 with a 12-month time frame. Shares of Cisco closed at $19.49 on the Nasdaq stock market on Thursday. biz.yahoo.com OK this is why people like Henry Blodget and Holly Becker become analyst stars who eventually crash and burn no matter what side they are on. The CSFB target is an example of an analyst following the market, it tells you nothing to raise a price target to what is current levels on the stock. We have earnings in a few days. Bad earnings and Cisco will fall, because it is anticipating good numbers with the recent rise. Outstanding numbers (not earnings we know what those are, but revenues and deferred revs) and Cisco pops a few points. Let see which house has the courage to actually make a call.

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