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To: Theophile who wrote (2443)5/6/2001 11:13:33 AM
From: Volsi Mimir  Read Replies (1) | Respond to of 3350
 
Different outlook of GX contract:
thestreet.com
Stix himself would likely say the same thing. In his Cisco report Wednesday, he called the stock "too rich" at $18. It must have amused him to see it gap up 8% on the opening and close an astonishing 12% higher on the day.

Even the news that Cisco had won a big contract from Global Crossing for its new routers, which was announced shortly after Stix's call Wednesday morning, couldn't prop things up Thursday. In fact, the Morgan team told clients Thursday that Stix was saying Cisco had won that deal simply by being the low bidder -- and that stratagem would eventually translate into lower margins.