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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (25835)	6/3/2001 12:44:46 AM
From: AD	Respond to of 37746

Cramer hedging now ;-) >>>>>Don't Get Distracted by the Press' Take on Cisco By James J. Cramer 6/1/01 4:09 PM ET Typical drive-by shooting of Cisco (CSCO:Nasdaq - news - boards) just now. A boilerplate document gets filed with boilerplate language about boilerplate conditions and it gets picked up by the national media as something important. This document is to Cisco like the "order disappointment" statement is to Altera (ALTR:Nasdaq - news - boards). I told you when the media was going nuts about that Altera stuff last night that it was nothing, and the stock went up. I am telling you now that this stuff is nothing for Cisco, but we will have to wait until Monday until the media people say, "That Cisco news was actually not worse than expected." I would be buying Cisco right here, but I am waiting to see the results of the complicated convertible that Cisco is doing with Morgan Stanley Dean Witter. I have now confirmed that such a piece of paper is being sold, and it is probably responsible for more of the pressure than the press or the boilerplate 10-Q. Boy, does this stock have crummy holders. Still, I am not sweating it, just like I didn't sweat Altera -- and this one I have cold hard cash on the line!