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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (5769)	3/4/2001 6:04:21 PM
From: 2MAR$	Read Replies (1) \| Respond to of 6445

A reprint of an release from CSCO's earnings last month: A Cisco Anomaly, Time to Buy? (was trading---> $28-$30) <<<At approximately 4:20pm EST Feb 7th, time stopped on Wall Street, and for good reason. Networking giant Cisco Systems (NASDAQ:CSCO +1.19) was about to report its second quarter earnings. The 64,000 Question: Would they meet analysts' estimates? Given the rash of announcements pertaining to the economic slowdown, the fall off in telecom spending and the trickle down effect via order cancellations, the odds weren't looking too good. When all was said and done, CSCO's earnings fell short by a penny. It was the company's first shortfall in 12 quarters. Earnings came in at 18 cents, 66 percent higher than year ago levels. Second quarter sales jumped 55 percent to $6.75 billion compared to $4.36 billion a year ago. Gross margins fell 1.7 percent from 63.5 percent to 61.8 percent. Not bad for any other multi-billion dollar tech company, but not for CSCO investors. After the announcement, the company said it, "remains cautious about the implications of a brief pause in the current 10-year expansion of the U.S. economy," ( were they even to positive here ?) ...but added that it, "has never been better positioned" to help its customers. Shares, after gaining $1.19 during the regular trading, were lower by roughly $1.50 in the aftermarket. Given that the fact that CSCO did not plunge after the report, however, does bode well for tech going forward, according to several analyst interviews.>> ** now just why was CSCO selling off** so hard on Friday ? Just too many people own CSCO right now , even still. And it sure was showing extreme weakness to me . This will be the one to watch on monday, something's seems definitely up here .... or down.