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

To: lawdog who wrote (36228)	5/23/2000 3:34:00 PM
From: Ed Forrest	Read Replies (2) \| Respond to of 77400

Some downgrade: NEW YORK, May 23 (Standard & Poor's) - Standard & Poor's downgraded its STARS recommendation on shares of Cisco Systems (CSCO) to (accumulate) from (buy). The downgrade is not based on the company's fundamentals, which remain among the healthiest in the technology group. But given an increasingly skittish market in the midst of a rising interest rate environment, CSCO's valuation will likely remain under pressure. Investors should take note, however: with revenue growth in excess of 50%, gross margin at around 64%, and cash from operations of $500 million per month being generated, Cisco's solid fundamentals should enable the company to outperform as the market's volatility eases. Given the balance of the risk/reward outlook, we believe CSCO remains attractive for long-term investors.