Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Techplayer who wrote (28235)	9/13/1999 10:13:00 AM
From: Zoltan!	Respond to of 77397

I've been waiting for the correction.

To: Techplayer who wrote (28235)	9/13/1999 10:50:00 AM
From: Zoltan!	Respond to of 77397

Dow Jones has the same target, apparently the difference being between calendar year and fiscal year: Dow Jones Newswires -- September 13, 1999 DJ Cisco/Merrill -2: Y2K Won't Hurt Co. As Much As Thought NEW YORK (Dow Jones)--Merrill Lynch analyst Michael E. Ching raised his near-term rating for Cisco Systems Inc. (CSCO) shares to buy from accumulate Monday. In a research note Monday, Ching said he believes issues surrounding the year 2000 computer bug may not have as big an impact on Cisco's near-term results as originally expected. Merrill Lynch surveys have found that management information system, or MIS, managers are more confident that companies will be year 2000 compliant by the end of the year. Merrill surveys also found that MIS managers named Cisco more often than any other company as the vendor of choice for their technology projects, Ching said. He expects Cisco to become a leader in the market for Layer 3 network switches. Cisco has gained market share in five key segments of the data networking industry, Ching said, holding the No. 1 spot in routers, remote access and local-area-network switches, and holding the No. 2 spot in ATM local area networks and ATM wide-area-networks. Ching believes Cisco revenue in the second half of 1999 will be flat with the first half. He had originally predicted a 3% sequential decline in revenue due to year-2000 concerns. Ching increased his estimate of Cisco's fiscal 2000 earnings to $1 a share from 97 cents a share and raised his 2001 earnings estimate to $1.30 a share from $1.22. He set a 12-month price target for Cisco shares of $85, representing a multiple of 75 times calendar 2000 earnings per share. Cisco shares closed Friday at 70 3/4, up 13/16. interactive.wsj.com