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

To: MHA who wrote (50527)	3/28/2001 12:17:39 PM
From: tonyt	Read Replies (1) \| Respond to of 77398

RESEARCH ALERT - Salomon Smith Barney cuts Cisco estimate NEW YORK, March 28 (Reuters) - Salomon Smith Barney said on Wednesday that it lowered earnings estimates for Cisco Systems Inc. (NasdaqNM:CSCO - news), the No. 1 maker of networking equipment for the Internet, over continued weakness in the business and tougher competition. Salomon Smith Barney analyst B. Alexander Henderson lowered third quarter earnings per share estimates to 8 cents from 12 cents. ``We now expect Cisco to post revenues of $5.4 billion in fiscal 3Q, representing a 20 percent sequential decline,'' Henderson said in a research note. Salomon Smith Barney is retaining its buy/high risk rating, citing the company's industry position. For the full year ending July 2001, Salomon is cutting Cisco's earnings estimate to 54 cents from 60 and fiscal 2002 estimate to 50 cents from 68 cents. Fiscal 2003 earnings are estimated at 81 cents, down from a previous estimate of 96 cents, the research note said. Cisco shares fell more than 8 percent or $1-1/2 to $16-5/8