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

To: HammerHead who wrote (5477)	4/10/2001 2:37:17 PM
From: dennis michael patterson	Read Replies (4) \| Respond to of 52237

It is certainly hard to discern what causes a rally. Certainly nothing fundamental!! Niles is going to earn the Moniker "Dr Doom"

To: HammerHead who wrote (5477)	4/10/2001 2:43:33 PM
From: dennis michael patterson	Respond to of 52237

Cisco Fundamentals: "Cisco Systems also announced massive layoff (the first widespread layoffs in its 17 year history). Cisco plans to eliminate up to 17% of its work force by July. . . . Another preannouncement is expected from Cisco this month. A UBS Warburg analyst reported that checks with Cisco suppliers found most of Cisco's product lines down 10-30 percent from last quarter. My sources indicate numbers are even worse than that. Some areas of Cisco's business have "fallen off a cliff." I wouldn't be surprised if Cisco reports a loss the next couple of quarters. Where it can, Cisco is cancelling orders from its suppliers, 'zeroing' them out in some cases. Orders to IBM for ASIC semiconductors are a casualty." --Fred Hickey, The High Tech Strategist, April 2, 2001