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To: pater tenebrarum who wrote (79887)12/16/1999 11:00:00 AM
From: wlheatmoon  Read Replies (1) | Respond to of 86076
 
Thursday December 16, 10:41 am Eastern Time

RESEARCH ALERT- Cisco price target raised

NEW YORK, Dec 16 (Reuters) - Schroder & Co. said it raised the price target on Cisco
Systems Inc. (NasdaqNM:CSCO - news) to $140 from $90.

-- said ``One could argue that because of Cisco's unique enabling role in building and
supporting the Internet economy, the company's valuation premium to its competitors should
be among the highest, not the lowest.'

-- said ``No matter how you slice it, on every conceivable metric, Cisco's valuation is at an all time high.' But given its role as a
pioneer of the Internet economy, its role in keeping that industry moving forward and its productivity increases, ``Cisco should
at least hold its multiple of 100x current year earnings.'

-- shares of Cisco gained 2-1/2 to 98-3/8.