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

To: The Phoenix who wrote (40182)	9/28/2000 10:59:56 AM
From: Curtis E. Bemis	Respond to of 77400

Merrill defends CSCO, Nortel --10:18 am - By Tomi Kilgore Analyst Michael Ching at Merrill Lynch said his outlook for Cisco Systems (CSCO: news, msgs) remains unchanged and views "any weakness as a buying opportunity," and reiterated his "buy" rating. This comes amid a downgrade of the company by Sanford Bernstein on concerns over spending by telecommunications carriers (see 9:43 item). Ching noted that "one of the big drivers of Cisco's growth ahs been the enterprise market, not the carrier market." Cisco is now trading down $1.50 at $$55.81. He also maintained his "buy" rating on Nortel Networks (NT: news, msgs), saying any weakness in its stock would be a "buying opportunity." Nortel is now off 63 cents at $59.