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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 3:59 PM EST

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To: Liatris Spicata who wrote (10630)	12/2/1997 9:16:00 AM
From: Zoltan!	Read Replies (1) of 77400

Merrill Lynch has upgraded Cisco Systems (CSCO 90 7/16) to a "buy" from an "accumulate" and set a price target of $105 a share. Cabletron is expected to get clobbered today, according to Briefing.com as: the company is warning that it expects its fiscal 3Q results to come in well below market expectations. According to Cabletron, weakness in domestic segments and delays in some government decisions is prompting the company to record lower than projected revenues and earnings. Cabletron expects to report a 3Q net of between $0.08 and $0.12 a share on revenues of between $330 and $340 million. According to First Call, Cabletron was projected to earn $0.39 a share, versus year-ago net of $0.44 a share on revenues of $361.56 million. Along with the 3Q earnings warning, the company also said that it expects to take a 4Q restructuring charge of $25 to $30 million, on a pre-tax basis. briefing.com Regards

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