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


To: Ed Forrest who wrote (29355)11/12/1999 2:37:00 PM
From: Curtis E. Bemis  Respond to of 77400
 
Ed-- Congratulations !! (But it took ZDI to do it)

**snip**
Rick Berry, an analyst at J.P. Turner in Atlanta, actually has Cisco rated a "sell" and has since June 18, according to First Call. That's right. He's been advising clients to unload Cisco at a time that it's posting 49 percent year-over-year revenue growth. Berry is primarily a technical analyst.

Repeated attempts to contact Berry for comment were unsuccessful.

Perhaps he bought into unfounded rumors that Cisco would preannounce lower-than-expected earnings this quarter due to increased corporate spending on Y2K remedies.

George Hunt, an analyst at Wachovia Securities, called the "sell" recommendation a bizarre anomaly.

"I don't know what he's thinking, but I hope he's wrong," Hunt said.

**end snip**

I wonder what Berry has been smokn' ?