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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (10297)5/8/2001 10:01:21 PM
From: John Pitera  Read Replies (1) | Respond to of 15481
 
Cisco Call Comes Up Short
By James J. Cramer

5/8/01 5:37 PM ET





The incredible thing would be if Cisco (CSCO:Nasdaq - news - boards) doesn't go down after this call. It sure should. We heard nothing good about enterprise business, which is something the analysts had held out as possibly improving. We heard worse things than I thought about service providers (telcos) -- and I don't know of many who are more bearish than myself on service providers. We didn't hear anything about stabilization or about things getting better.

That means, of course, that we have a real test of Cisco, the stock. I can't think of a reason to buy the stock off of this call. Not one. So, if it doesn't go down tomorrow --regardless of what you hear from anyone, we are near the bottom with Cisco because this call had a minimum of hope in it.