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

To: GVTucker who wrote (43242)	11/9/2000 1:04:22 PM
From: bambs	Read Replies (1) \| Respond to of 77400

GV, Gary and the longs of this thread are frustrated and are living in their own little world. How can they argue that the street is too bearish on csco. That's crazy. Almost every jerk analyst and dumb fund manager says its a "core long term holding". What's going on right now in fund manager world is scary. They don't know what to do...What is a buy right now? They can't sell...it's that simple. Unless there is real redemptions they will ride csco and all the other garbage stocks down over the next few years. The lack vision and have no new ideas. Like a broken record they spew their old ideas on cnbc each day... CSCO is over valued. Most other tech is even more over valued. They can't sell csco and buy other garbage...they are helpless. bambs

To: GVTucker who wrote (43242)	11/9/2000 1:26:38 PM
From: The Phoenix	Read Replies (2) \| Respond to of 77400

GV, LOL! Well, first I don't watch CNBC at all.. so that would be an inaccurate assesment of where I get my information. But let me see if I can shed some light on this for you. Idea-advisor - disaggregation of the router. biz.yahoo.com Sagawa - Sanford Bernstien biz.yahoo.com cnetinvestor.com Dresdner Kleinwort Benson reiterated its "buy" rating Tuesday but cut its 12-month price target to $61 from $90 per share. Sanford C. Bernstein analyst Paul Sagawa explained that Cisco's numbers suggested a slowing in their carrier business of sales to telecommunication companies. "In a sense we've climbed the mountain with Cisco and now we're at the pinnacle looking down." On Oct. 30, Lehman Brothers analysts Tim Luke and Mark Sue drafted a less-than-enthusiastic report about the data networking giant. The duo maintained their "buy" rating but slashed their 12-month target price from $90 per share to $60 to $65 per share. Although they were generally upbeat about Cisco's management and future products, they were concerned about "a backdrop of potentially slowing growth" among the Internet and telecommunications providers that buy Cisco products. I could go on and on with posts where analysts have mentioned sector slowdowns and the impact this will have on CSCO. Blah blah blah.. It's a constant droning.. right in the face of their "buy" recommendations. Bottom line - no matter what happens they'll be right. Maybe they're jawboning so they can enter...maybe they're selling into any strength - using the buy recommendation to create the needed temporary strength... Bottom line, they're speaking with forked tonge. You know it, I know it.. it's right there in black and white. In the meantime the vendors are all saying things look good going forward. I love that one On24 piece where they say CSCO "warning of tough roads ahead"... hey?? didn't they raise guidance??? What did I miss. Bottom line is that that anlysts haven't got a clue and you should stop trying to defend them. OG

To: GVTucker who wrote (43242)	11/9/2000 1:47:30 PM
From: Bob Kim	Respond to of 77400

GV, FYI, re: ML The target was lowered from $90 to $85 and the target multiple dropped from 105x to 70x, and the underlying EPS pushed from C01E to C02E. A year ago at this time, ML was saying 60x C01E which equalled about $45. Three months later in Feb 00, ML was saying 105x C01E or $80. Despite all this, ML has spent the last two months defending CSCO in an environment rich with uncertainty about capex. A interesting example is DELL from yesterday. CNBC reported that ML raised its price target and was making bullish comments. In reality, on the morning call, the analyst was questioned about having such a high rating on a stock that he didn't seem very enthusiastic about.