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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: A. Charles who wrote (82644)	12/27/1999 10:19:00 PM
From: R.E.B.	Read Replies (1) \| Respond to of 90042

A. Charles, I would agree with Tim about the $40+ valuation. Recently CS's target price has been raised to $40 by two analysts.... today, H&Q said $40 "within 6 - 12 months, possibly sooner." I just now had time to listen to the 20 minute VCALL interview with the H&Q analyst and it was very informative. He talks alot about fundamentals of CS and explains in easy-to-understand language about routers, layer 3 switches, internet protocol versus local area network and what unique products and markets CS is specializing in. The explanation for the sale of flowpoint was excellent as was the relevance of their purchase of Digitcom (sp) and Yago (sp). He also compares CS to 3 others in the industry and at the end, chooses CS as his number one pick. I think $30s are a sure bet short term, say 3 months, but after another quarter, I think the $40s will be in our crosshairs. There is another VCALL interview tomorrow about COMS which should prove interesting especially when COMS earnings are looking flat while CS is increasing earnings. If you have not heard the interview, download the free version of RealPlayer G2 and you can play it (and all others). p.s., I spoke to my friend at DLJ today about TWTC and SMRA, my two latest picks. I also asked him about CS and he did some checking and said that CS is so big that they have wide institution support and nothing (buying or selling) should be read into activity of this week. Half of his staff is gone for the week and they are neither buying or selling but they continue to "position"... whatever that means. He basically said, wait until Monday when things return to "normal" if there is such a thing.