Zoltan --- Does it not seem strange that both analysts are from the same firm . Are they providing an objective view or pushing their own personal stock ?
Analysts said investors were disappointed that Cisco did not declare a stock split, and that valuation was a lingering concern, but noted that the company remains healthy.
''While valuation may appear extended, Cisco remains the key beneficiary of internet infrastructure growth and transition to data-centric telecomunications networks,'' said Lehman analyst Tim Luke in a research brief.
Lehman's Steven Levy, spurred by valuation concerns, insisted that Lucent, incontrast, was too pricey at 40-to-50 times 1999 earnings estimates, and renewed his neutral rating.
''Simply put, we do not think that investors should be paying a price-earnings multiple of forward 12 months earnings ... that significantly exceeds its forecasted sustainable earnings growth rate,'' he said.
Lucent's rising accounts receivable levels at the end of the December quarter reinforce his concerns about valuation, he said.
Also could be as I said yesterday they are "shaking the tree" to be able to buy in cheaper ? What are your thoughts ?
BEST WISHES
BILL
PS I believed in both companies for the future ---will buy some CSCO if it goes below 100
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