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To: Dealer who wrote (39981)	8/7/2001 6:09:49 PM
From: stockman_scott	Respond to of 65232

Cisco Systems (CSCO) 19.26 -0.28: -- Update -- In the Q&A, Chambers more officially backs off the 30-50% forecast, saying only time will tell if Cisco's markets will grow 15-30% or 30-50%.

To: Dealer who wrote (39981)	8/7/2001 6:15:19 PM
From: stockman_scott	Respond to of 65232

Morgan Stanley, Meeker Named in Lawsuit Tuesday August 7, 6:05 pm Eastern Time NEW YORK (Reuters) - Investment bank Morgan Stanley (NYSE:MWD - news) and its Web analyst, Mary Meeker, on Tuesday were named in a new lawsuit alleging she provided biased research on media giant AOL Time Warner Inc. (NYSE:AOL - news). The lawsuit follows two suits filed last week against Morgan Stanley and Meeker, alleging the analyst -- once known as ``the Queen of the Internet'' -- provided biased research on Web retailer Amazon.com Inc.(NasdaqNM:AMZN - news) and online auctioneer eBay Inc. (NasdaqNM:EBAY - news). The same firm, Schiffrin & Barroway, LLP of Bala Cynwyd, Pa., filed all three of the lawsuits. The suits, which seek class-action status for shareholders in the companies, claim Meeker crossed over the ``Chinese Wall,'' the solid separation that is supposed to exist between analyst and investment bankers. The lawsuits come amid increasing scrutiny of Wall Street analysts by investors, regulators and politicians. Analysts at nine major unnamed brokerage firms used their positions to profit from the companies they covered, Securities and Exchange Commission acting chairwoman Laura Unger told Congress last week. Lawyers for Schiffrin & Barroway did not immediately return phone calls seeking comment. Morgan Stanley dismissed the claim. ``While we have not seen the complaint, based upon media reports, we believe the claims against Morgan Stanley and Mary Meeker are totally meritless,'' the firm said in a statement. ''Morgan Stanley's research is thorough and objective. Ms. Meeker, whose integrity is beyond reproach, is one of the most respected analysts on Wall Street. Naming her in this suit is nothing more than a publicity stunt to mask a flawed complaint.'' Meeker is not the first high-profile analyst to be named in a complaint by disgruntled investors. Internet analyst Henry Blodget of Merrill Lynch & Co. Inc. was named in a $10.8 million arbitration case at the New York Stock Exchange. Merrill paid $400,000 to settle the complaint. The lawsuit concerning AOL Time Warner alleges Morgan Stanley and Meeker failed to disclose that her main job was to attract and retain investment banking clients for Morgan Stanley and that her stock recommendations were based not on objective analysis, but on her desire to retain AOL as a Morgan Stanley banking client. The lawsuit also alleges that Morgan Stanley and Meeker failed to disclose these facts because Morgan Stanley ''improperly earned millions of dollars in fees due to Meeker's behind the scenes deal-making and business-generating activities.'' The suit claims ``Meeker personally benefited from her improper conduct, which allowed her to purportedly earn $15 million in 1999 alone.'' Shares of Amazon, EBay and AOL have fallen sharply since their all-time highs reached in late 1999 or early 2000. Amazon is down 89 percent from its record high, EBay is down 48 percent and AOL is down 50 percent. The AOL suit covers the period between Aug. 6, 1998, and May 14, 2001.