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

To: James Calladine who wrote (55790)10/5/2001 12:02:20 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 77400
 
RESEARCH ALERT-Lehman cuts Cisco 2002 estimate
NEW YORK, Oct 5 (Reuters) - Lehman Brothers said on Friday it had lowered its 2002 earnings estimate for Cisco Systems Inc. (NasdaqNM:CSCO - news) due to economic uncertainty in the near term, but it maintained its ``long-term buy'' rating on the stock.

Lehman said it cut its 2002 earnings estimate to 22 cents a share from 31 cents.

For 2003, Lehman's estimate is 39 cents per share. Its price target on the stock is $16 to $17.

Cisco shares closed at $14.42 on Thursday on Nasdaq.



To: James Calladine who wrote (55790)10/5/2001 9:37:01 PM
From: Jerome  Read Replies (4) | Respond to of 77400
 
Considering the new target price of 16 to 17....

CSCO goes to 17 and then what????

1)Is the Nasdaq going to suspend trading?

2) Are in insiders going to sell all their shares?

3) Should I e-mail all those financial talk shows for advice?

4) Should I blow this off as another worthless piece of advice?

Jerome


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