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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: JakeStraw who wrote (75773)	10/23/2008 10:46:15 PM
From: Eric	Read Replies (2) of 77400

Analyst upgrades Cisco, noting plentiful cash October 20, 2008 5:35 PM ET Shares of Cisco Systems Inc. rose Monday after an analyst upgraded the world's largest maker of computer networking gear, saying its cash pile would allow it to invest during the market downturn and emerge a stronger company. Morgan Keegan analyst Simon Leopold upgraded Cisco to "Outperform" from "Market Perform." Shares of the company rose $1.05, or 5.9 percent, to $18.96. "We believe Cisco is well positioned for the macroeconomic slowdown because its healthy balance sheet and strategy of investing through slowdowns enables it to gain market share and expand into adjacent markets in an eventual recovery," Leopold wrote. The company has $19.8 billion in net cash, or $3.29 per share, and the stock looks cheap based on several measurements, he noted. news.moneycentral.msn.com

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