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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (2730)3/13/2001 11:29:20 AM
From: shamsaee  Respond to of 52237
 
Thanks. I still believe JNPR will hit their estimates for the quarter and this year. More expensive than other techs but worth a small position. There has been a sale on SEBL for about a week now<vbg>.



To: Paul Shread who wrote (2730)3/13/2001 11:29:59 AM
From: JRI  Read Replies (1) | Respond to of 52237
 
Dow, Naz dailys not looking so hot anymore.....Dow bounced at the morning low....but needs to exceed 10220 to exceed previous "lower low"....I think chances are just as great- or better- that it'll break the double bottom and head for 10k..

Naz looks like its begun to slide.....but I think everything rests on Dow...if it can hold this mornings low....

Then, of course, late afternoon will be another stern test..

Sorry for not being so jolly



To: Paul Shread who wrote (2730)3/13/2001 11:42:05 AM
From: Stephen  Read Replies (2) | Respond to of 52237
 
Re CSCO - Chambers comments ...

all I could find ... fwiw ...

NEW YORK, Mar 13, 2001 (The Canadian Press via COMTEX) -- Business is weakening
in Asia on top of a severe U.S. slowdown, according to another dismal update
from Cisco Systems Inc., the network equipment maker that led the technology
bull market which now is being ripped to shreds.

Chief executive John Chambers told a Merrill Lynch conference Tuesday that
conditions haven't improved from the sharp downturn Cisco experienced in
January, and the near-term outlook is still grim.

However, Chambers didn't officially lower his company's forecasts as he did in
January. The company warned then that revenue could fall five per cent in the
current quarter - the first decline in its 11-year history as a public company.

"We have seen the same slow growth in orders in the first six weeks of this
quarter that we saw in January," Chambers said.

"It's becoming more challenging, especially in the Asia-Pacific region."

He added that there are signs of sluggishness in Latin America and Europe.

The San Jose, Calif.-based company is already taking steps to counteract the
sluggish economy. Late last week, Cisco unveiled plans to cut 5,000 full-time
employees - 11 per cent of its regular workforce - and up to 3,000 temporary and
contract workers.

The latest remarks from Cisco, one of the most popular technology companies
among investors, came amid a frightening fall in the Nasdaq stock market that
has wiped out more than two years of thrilling gains.

More than any other sector, the slide has battered the so-called Internet
economy which had been based on projections of exploding online usage.

Chambers said Cisco, the world's biggest supplier of equipment for building the
Internet, is still confident about long-term demand for online services and
network capacity, standing by long-term revenue growth projections of 30 to 50
per cent a year.

However, "visibility is tight," Chambers said. "We're not able to see out into
future like we normally would."

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Copyright (C) 2001 The Canadian Press (CP), All rights rese

Regards

Stephen