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

To: Bob Kim who wrote (48331)2/7/2001 8:17:30 AM
From: GVTucker  Read Replies (1) | Respond to of 77400
 
Well, Bob, in all fairness, when Merrill says:

With these substantial downward revisions, we would expect the stock to towards the low-end of its historic P/E range of about 30-times forward EPS, giving us near term downside of about $20.

It isn't really that much of an exaggeration to say that Merrill says that Cisco could easily go to $20. In fact, if you believe Merrill, Cisco probably will go to $20. They "expect" it.


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