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

To: Shaw who wrote (50469)	3/27/2001 11:50:51 AM
From: Wyätt Gwyön	Respond to of 77400

11:43 ET Cisco Systems (CSCO) 18 3/16 +5/16 (+1.8%): Hearing from sources at Lehman that firm is slashing its March qtr earnings forecast to $0.05 from $0.12, which is less than half the $0.11 consensus estimate. Firm said to be reducing FY01 view to $0.46 from $0.60 (mean $0.59) and FY02 to $0.51 from $0.73 (mean $0.68).

To: Shaw who wrote (50469)	3/27/2001 11:57:06 AM
From: t2	Read Replies (2) \| Respond to of 77400

That last post by "Mucho Mass" kind of confirms it. Consensus numbers are being taken down almost every few days among the brokers. To me the biggest factor that will determine Cisco's stock direction in their earnings report will be Inventory levels. My hunch is that are taking steps to reduce them and if that is apparent from the earnings, the market may take it as a big positive. I believe that Jabil's earnings conference call had such comments as well. Cisco is one of the biggest customers for Jabil (actually it maybe the biggest...not sure) I am still trying to figure out what Chambers' is up to with his talking down of estimates. He might just be better off issuing one warning and not subject his stock price to almost daily downward revisions. However, the next downward revision may have no negative effect on the stock at all...that may be another sign to watch for. Good Luck.