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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.22

+0.1%

Nov 24 3:59 PM EST

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To: Paul Shread who wrote (15824)	8/6/1998 11:46:00 AM
From: Curtis E. Bemis	Read Replies (1) of 77400

from todays Briefing.com-- They remain spooky about the topic of "repairing technical damage". Here is what was said about CSCO (then LU)-- (on yesterdays close) ** The final take on Cisco's (CSCO) earnings number was resoundingly positive, as stock surged more than 3 points higher in active trading... We had thought the good news was reflected in the price of the stock, but there aren't that many tech companies delivering 20%+ earnings and 30%+ revenue gains quarter after quarter... So in an uncertain market like this, traders gravitated to what is as close to a sure thing as there is in the tech sector today... But we remain spooked by the overextended technical tone and by the stock's HIGH valuations. *** Lucent (LU) rebounded 2 15/16 in light bargain hunting... Needs to get back above 95 to repair technical damage. ********

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