Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MHA who wrote (53479)	5/30/2001 1:22:49 PM
From: HH	Read Replies (1) \| Respond to of 77400

CISCO SYSTEMS (CSCO): First Union Securities lowered its rating on Cisco Systems to Market Perform from Buy on May 8. The data networking giant's shares have seen a recent run-up to the $20 range, which, to First Union, is too rich. The shares closed at $19.05 on May 11. The firm's analysis of the service provider market suggests that the growth rate will return to 20% in the next 24 months. First Union believes that an appropriate price-to-earnings multiple for a stock with a 20% growth rate is between 20 and 30 times the forward-year earnings, implying a trading range of between $10 and $15. Earnings estimates for calendar 2002 remain unchanged at $0.50. Fiscal year EPS forecasts for 2001 and 2002 are $0.39 and $0.24, respectively -few weeks old report but maybe more accurate now- HH

To: MHA who wrote (53479)	5/31/2001 2:08:59 PM
From: Yaacov	Read Replies (1) \| Respond to of 77400

spark an economic turnaround and lift corporate profits. The Fed has cut interest rates by a total of 2-1/2 percentage points in 2001. The fed funds rate is now at 4 percent, the lowest level in seven years. Federal Reserve Bank of Chicago President Michael Moskow said on Wednesday the U.S. economy should improve later this year but ``significant risks'' threaten that upbeat outlook. Moskow said those risks included higher energy prices, weak economies abroad and soft consumer confidence. " This means that now Feds are slowly admitting that they have done the economy great damage and they don't know what will come next! I wonder if we have to expect any new data this week!