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


To: Brian Malloy who wrote (29302)11/10/1999 4:55:00 PM
From: Zoltan!  Respond to of 77400
 
**** Hambrecht & Quist **** Hambrecht & Quist **** Hambrecht & Quist ****

Company: Cisco Systems
Price: 74.25
Recommendation: Buy
Notes: a,f

Date: 11/10/99

Service Provider Sales Fuel Growth For Cisco: Reiterate BUY

* Cisco Systems reported November quarter earnings that were slightly ahead of
our estimates;
* Momentum is robust with sales to all customer segments and geographies
achieving double-digit growth;
* No change in Y2K guidance however, mgmt appears slightly more optimistic
regarding its impact;
* Service provider sales remain particularly strong achieving more than 80%
annual growth;
* We are bumping up estimates and we reiterate our BUY rating on CSCO.