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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.16

+0.2%

Dec 26 9:30 AM EST

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To: t2 who wrote (65968)	8/11/2004 9:41:29 AM
From: larry	Read Replies (1) of 77400

I feel that CSCO will trade range bound from 17.5 and 20 during the next quarter. If things do get worse and economy tanks (hope not but I think it's likely), CSCO won't find a floor until around 12.5 (15 will provide some support). Cannot imagine that it will break 10 within the next 12 month. Still think that INTC is a much better short, even AMAT. The chip cycle seems to be finished, and both these issues can easily get a 40% haircut from the current level.

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