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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (40550)	8/24/2001 8:23:19 AM
From: Dealer	Read Replies (2) \| Respond to of 65232

M O R N I N G .. S N A P S H O T -- Cisco's news to propel markets By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:13 AM ET Aug 24, 2001 NEW YORK (CBS.MW) -- Investors, latching onto a reaffirmation from Cisco Systems that business may be starting to stabilize, appear ready to push shares sharply higher once the official opening bell sounds. The September S&P 500 contract tacked on 6.90 points, or 0.6 percent, and was trading about 5.90 points above fair value, according to numbers provided by HL Camp & Co. And Nasdaq futures put on 34.00 points, or 2.3 percent. Cisco (CSCO) rallied 5.3 percent to $17.65 in Instinet pre-market action. After the close Thursday, the networking colossus announced a widespread reorganization of its business. The company also said it's starting to see signs of stabilization, reiterating a comment made when releasing its fourth-quarter results earlier in the month. CEO John Chambers added that orders for the first weeks of the quarter are in line with previously announced targets. On the fund flow front, Trim Tabs estimates that all equity funds had outflows of $3.5 billion in the week ended August 22 compared with outflows of $2.6 billion in the prior week. And equity funds that invest primarily in U.S. stocks had outflows of $2.8 billion compared with outflows of $2.4 billion in the prior week. Not surprisingly, Treasurys retreated on the back of expected strength in the stock market. The 10-year Treasury note was down 7/32 to yield ($TNX) 4.91 percent while the 30-year government bond slumped 6/32 to yield ($TYX) 5.425 percent. Friday will see the release of July durable goods orders, seen declining 0.6 percent, and July new home sales, expected to come in at 919,000. and economic calendar and forecasts. In the currency arena, the dollar rose 0.4 percent to 120.33 yen while the euro slipped 0.4 percent to 91.06 cents.

To: stockman_scott who wrote (40550)	8/24/2001 8:46:22 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

From IBD--Cisco To Revamp Lines, Sees Signs Of Stabilizing Cisco Systems Inc. (CSCO), the No. 1 computer-networking gear maker, said it will switch to a more centralized engineering and marketing organization. It’s reorganizing products into 11 units and eliminating its telecom unit. Senior Vice President Kevin Kennedy, who oversaw sales to telecom carriers, resigned. Mario Mazzola, named chief development officer, will oversee the 11 units. CEO John Chambers said Cisco’s sales “stabilized” from the rapid declines of winter and spring. Sales will be flat to down 5% in the first quarter, he said. Will this be what it takes to rally....?? :-( dealie (pondering)