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

To: GVTucker who wrote (48332)	2/7/2001 9:13:56 AM
From: Bob Kim	Read Replies (1) \| Respond to of 77400

GV, I saw the report. I didn't know what the missing word was. I have heard it might have been "drift". If ML thinks $20 is likely, they should downgrade the stock to Sell. Based on ML criteria, a Sell rating, in this case, would only require downside of $28.60. Instead, the analyst has belatedly lowered the price target from $85 to $36. The $36 makes the stock eligible for an upgrade to Buy below $30, and a downgrade to Neutral above $32.73. Historical note, a year ago following earnings, the analyst set a target p/e of 105x.