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

To: bambs who wrote (44787)	12/18/2000 2:26:07 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 77400

I know... it is too dangerous either way imho. I think chic did it right with his options and is playing it good but I did not get the options. Monty

To: bambs who wrote (44787)	12/18/2000 2:31:22 PM
From: GVTucker	Read Replies (3) \| Respond to of 77400

The main reason that the market is taking the reserve news so hard is that CSCO didn't prepare anybody for it. They just released it in the 10-Q and expected the market to pass over it. That is something that a Mickey Mouse small cap would do, and is certainly out of character for CSCO. It makes a lot of people wonder what else they're hiding. CSCO has been saying all along that their exposure in high risk loans to customers is very low. The $275mm reserve raises the question of exactly what CSCO thinks the definition of "low" is.