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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: David Howe who wrote (52740)	11/6/2000 5:49:53 PM
From: johnd	Respond to of 74651

MSFT beat estimates by 5c but CSCO beat by 1c. PE OF MSFT at 39 CSCO at 100

To: David Howe who wrote (52740)	11/6/2000 6:10:52 PM
From: David Howe	Respond to of 74651

Wow, major turn around in CSCO. For about 1/2 hour the stock traded lower, going as far as -$4 at $51. The company discussed this concern and that concern and this economic effect and that. Then, when the discussion got to revenue and earnings going forward, they guided HIGHER! Revenue and earnings for CSCO will be revised higher for the remainder of this year and FY2001. The stock bounced all the way back to $54+ in just a few minutes. This is good news for the market, IMO. Dave