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Technology Stocks : CISCO SYSTEMS?
CSCO 72.91+2.2%3:59 PM EDT
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To: Ken Palmer who wrote (8)12/15/1996 12:05:00 PM
From: Bob Biersack   of 10
 
KEN, I guess you could consider me a CSCO watcher, Have owned it since 1990. Have 145K+ position and Cost basis of $1.27. As I my have stated before on this thread I expect $78 by Valentines Day, 85-90 by May, 2-1 Split Announcement in June. This may be conservative because CSCO normally has best run Jan-May. Aquisitions will continue at 8-10/yr.and could cause a few swings ,but I feel comfortable with 30-35% growth for the next 5 yrs. The price up grade was announced on CNBC last week but as you see I feel it too conservative!! Hope this Helps.
Bob
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