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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (27252)	8/9/1999 5:14:00 PM
From: John F.	Respond to of 77400

I expect any hit CSCO takes, if one occurs, to be short lived. I am not sure exactly how Cisco has done after past earnings announcements. However, compared to stock performance in previous quarters, CSCO has been treading water. CSCO is only a couple of points higher than it was at the end of January...no huge run-up since last quarterly announcement. Also, I think the market may be getting a little tired of "no news being good enough". Sure it could take a dip and may. I hope not since I am long. Lucent got punished pretty heavily upon announcing a very good quarter. But between Jan 30 and Lucent's recent quarterly announcement, LU went from around 52 to 78. LU has given up about 20% of the 50% gain since Jan 30. Nokia was also been punished on announcing earnings. And, like Lucent, Nokia also had a nice run-up before the earnings announcement. Between Jan 30 and Nokia's recent quarterly release, NOK went from 77 to 99. Since the July quarterly report, NOK has given up almost all of the gain since Jan 30. But a lot of that was due to concern that Motorola, once thought dead for missing the move to digital cell phones may soon be coming back to life at Nokia's expense. Also, one needs to keep in mind that the entire Tech sector has corrected since Lucent and Nokia announced their results a few weeks back...and Cisco has already taken a 6% hit moving the stock down from 64 to 60. I expect any hit CSCO takes, if one occurs, to be short lived.