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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: ralph keating who wrote (11746)	1/26/1998 12:22:00 PM
From: The Phoenix	Read Replies (3) of 77400

weakness in csco this is the start of a slide to -50<eom> What an idiotic statement. At least back it up. The reason that Cisco is off this morning, as far as I can tell, is due to reduced spending by the RBOC's. Now, whether this reduced spending will affect Cisco's future earnings materially or not is the question. Apparently some investors believe it will and therefore they are cashing in. Thus, there is some weakness in the stock. As for your TA showing Cisco sliding to 50, well, good luck on your short position. I think you have to hope for some sort of broad market issue to affect the networking sector since Cisco WILL NOT fall to 50 on its own. Gary

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