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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.22+0.1%3:59 PM EST

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To: DX who wrote (11415)1/8/1998 9:59:00 AM
From: TheInvestor  Read Replies (2) of 77400
 
DX:
Are you telling me that CISCO business is tied heavily in the asian
market. I don't think so, I spoke with my contact at Merril Lynch and
they tell me that CISCO has the weakest dependency on the asian market
as compared to its competition, in fact less than 15% interest there.
So how is the asian problems going to devastate the CISCO Co? Most big name brokerage houses have CISCO as the TOP LEADER in this market sector, with credibility like that, how can one go wrong. I got a list of over 10 brokerage houses that recommand CISCO for a strong buy.
Yahoo quote service has CISCO recommanded by 25 brokerage houses for
a STRONG BUY, 9 MODERATE BUY, and a misely 2 HOLD, NO SELLS.
CISCO has a market capitalization of $54 billion dollars, 90% of all
networking equipment in the world practically are CISCO products. So
tell me where I went wrong.

I think the current selling going on now is just negative hype in the market due to the asian contagian and other Co's potential earnings. When this 24-48 hour bug wears off the market will be back to its bullish self. All the doom and despair naysayers please go away, you make my day very lousy.

TI
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