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

To: The Phoenix who wrote (46527)	1/10/2001 9:46:22 AM
From: Rich1	Read Replies (1) \| Respond to of 77400

I think we see sub 100's on JNPR by Friday.. How you doing??

To: The Phoenix who wrote (46527)	1/10/2001 9:50:24 AM
From: michael97123	Read Replies (2) \| Respond to of 77400

Market decline orderly again today. Bad news seems to be taken in stride. I hope this continues. Good luck on the cisco buys. Isnt it ironic, bams is shorting your shares as we speak or so he indicates at any rate.

To: The Phoenix who wrote (46527)	1/10/2001 10:14:33 AM
From: michael97123	Read Replies (1) \| Respond to of 77400

Also, that disparity between dow and nasdq reappears today. My health care fund was up 62% in 2000. Does that qualify for a bubble. Average utility pe higher that intel. Defensive stocks already played--tobaccos,beer,food etc. So money shifting again perhaps?

To: The Phoenix who wrote (46527)	1/10/2001 11:23:38 AM
From: Curtis E. Bemis	Read Replies (2) \| Respond to of 77400

New Analyst---Hmmmmmm www2.marketwatch.com New Cisco analyst takes ax to rating CIBC downgrades networker in transfer of coverage By Susan Lerner, CBS.MarketWatch.com Last Update: 10:59 AM ET Jan 10, 2001 Newswatch Latest Headlines Get Alerted NEW YORK (CBS.MW) -- Shares of Cisco Systems were taken down Wednesday morning by CIBC World Markets, which sliced its rating on the stock to "hold" from "buy." The call came from analyst Steve Kamman, who assumed coverage of the stock and others in the group following the departure of analyst Martin Pyykkonen, who is now at C.E. Unterberg Towbin. Cisco shares, which fell to a low of $33.69 early on following the comments, bounced to stand at $36.50, off 63 cents, in recent trade. "We would underweight the sector as '01 will be a difficult year due to a combination of falling service provider and business IT spending and an air pocket in Internet-related growth," said Kamman, who previously had worked as assistant to CIBC telecom analyst Tim Horan. Kamman told clients there is significant risk of multiple contraction for networking stocks in the first half of 2001, especially since Cisco (CSCO: news, msgs) may rein in revenue estimates. "We do not believe Cisco is well positioned to meet an expected tsunami of changes in the telecom market," Kamman said. "We believe Cisco will not make consensus revenue estimates in FY 2002 and expect it will no longer be able to rely on appreciating stock as a currency." As he expects 20 to 25 percent industry growth over the next five years, down from 40 to 45 percent, Kamman said he would reduce weightings in Cisco and higher multiple companies such as Juniper Networks (JNPR: news, msgs) , which he downgraded to "buy" from "strong buy," Redback Networks (RBAK: news, msgs) , which he slashed to "hold" from "buy," and Extreme Networks (EXTR: news, msgs) , which he left at "buy." Where does he recommend investors focus? Kamman is touting Lucent Technologies (LU: news, msgs) , which he upgraded to "buy" from "hold." "Lucent represents a potential harbor, with limited downside risk and some upside potential in anticipation of the Agere spin-out," Kamman said. Lucent shares were off 19 cents to $16.63 in morning trade. -------------------------------------------------------------------------------- Susan Lerner is a reporter for CBS.MarketWatch.com.