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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (6709)10/31/2000 6:47:10 PM
From: RockyBalboa  Read Replies (2) | Respond to of 19428
 
A Lehmen analyst going the name "Tim Luke" downgraded beloved Cisco yesterday. Is that you?

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Tech Stocks Hit by Negative Cisco Comment
Audio/Video

Reuters Market Report with Francesca Segre for October 30th.
(Reuters)
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NEW YORK (Reuters) - Blue chip stocks rose a little on Monday but high-tech shares fell amid pressure from negative comments on Internet equipment giant Cisco Systems (NasdaqNM:CSCO - news) from Wall Street house Lehman Brothers.

The technology-laced Nasdaq Composite Index (^IXIC - news) was down 32.08 points, or 0.98 percent, at 3,246.28. The most active stock on the Nasdaq was Cisco Systems (CSCO.O) which dropped $2-1/16 points to $48-5/8.

``The market is still keenly focused on technology (sector) troubles still, that serious cut on Cisco from Lehman,'' said Barry Hyman, chief market strategist for Weatherly Securities.

Lehman Brothers analyst Tim Luke on Monday said he lowered his 12-month price target for network equipment maker Cisco Systems to $60 to $65 from $90 over concern about capital expenditures spending.