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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.59

+0.3%

Jan 23 9:30 AM EST

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To: ralph keating who wrote (11881)	1/29/1998 10:51:00 AM
From: craig crawford	Read Replies (1) of 77400

The market certainly does have it's rose-colored glasses on the last few days. KO missed estimates after having them chopped last year and they are marching back towards 70. MRK missed earnings on a diluted basis but CNBC reported them as beating expectations, using the "basic" number. LLY just missed by 2 cents. GLW missed, yet it's rallying nicely today. G missed and they are going higher. Even PRD is sneaking into the green today after missing. (But I guess they always miss). Didn't MOB miss earnings? Said Asia clouded the outlook? Marching higher...CUM missed and said Q1 doesn't look too good. (Ahh, it's down. A little rationality) MCIC just missed, it's higher. How many news reports have I seen that explained the markets rise over the last few days on better than expected earnings? C$CO could miss by 2 cents and it will probably get bid higher...

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