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


To: Bill who wrote (31701)2/4/2000 9:49:00 AM
From: Nick  Read Replies (2) | Respond to of 77398
 
RESEARCH ALERT - Warburg ups Cisco Systems
NEW YORK, Feb 4 (Reuters) - Warburg Dillon Read raised its price target on Cisco Systems Inc. (NasdaqNM:CSCO - news) to $140 a share from $100 on Friday.

-- Analyst Nikos Theodosopoulos said, ``We believe the company had a solid second quarter 2000 ending January 2000. We believe the company could exceed our estimate of 23 cents a share by 1 or 2 cents and that the outlook for the year is strong as global economies are improving and Japan is recovering from several years of poor spending.'

-- Shares touched a 52-week high of 120-1/8 shortly after the Nasdaq opening

Nick