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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (6041)	2/7/2002 6:26:03 PM
From: freeus	Read Replies (1) \| Respond to of 13815

regoing down True. Down with ups along the way. Need to be more nimble and keep profits even if small. I have two "green" left....aem (gold) and clx. The gold is interesting: it goes up when the market goes down and down when the market goes up. Regularly. You could go long and short probably and keep making money with it. Maybe. Freeus What are the 3 or 4 stocks you are keeping? brli, gac.to and dell?

To: Sig who wrote (6041)	2/7/2002 6:40:25 PM
From: stockman_scott	Respond to of 13815

Cisco Results Drag Down Networking Sector Thursday February 7, 5:59 pm Eastern Time By Ben Klayman CHICAGO (Reuters) - Networking giant Cisco Systems Inc. (NasdaqNM:CSCO - news) stock fell more than 8 percent on Thursday on concerns about revenue growth as well as fears about the weak economy, dragging down the rest of the networking sector, analysts said. Shares in San Jose, California-based Cisco, the largest maker of equipment that directs data traffic on the Internet, fell as low as $17.02, and closed off $1.55 at $17.06, a drop of 8.33 percent, in heavy trading on the Nasdaq. But analysts said the shares were oversold and the concerns about Cisco's revenues in the second quarter were baseless. The networking index fell 2.56 percent, and networking stocks that closed down included Riverstone Networks Inc. Analysts said the other shares fell in sympathy with the sector bellwether, and on fears of weak telephone carrier spending and lost market share to Cisco. ``I'm looking at the glass more half full than half empty, and I think the market is clearly looking at it half empty,'' said Martin Pyykkonen, an analyst with C.E. Unterberg, Towbin. He and others pointed to Cisco's forecast on Wednesday for fiscal third-quarter revenue growth to range from flat to up in the low single digits. The third quarter is typically Cisco's weakest every year. A lack of visibility beyond that period was another reason for investor concerns, analysts said. In addition, while revenues for most product areas slipped in the second quarter, sales deferred from prior quarters due to industry accounting rules had a $400 million swing from their usual negative position into positive territory, analysts said. That led to fears that revenue growth was not as strong as initially believed. ``When you looked at the earnings release, the results were just incredible. People were high-fiving, everyone was pumped, they were like, 'This is how things used to be,''' said Shawn Campbell, analyst with Northern Trust Corp.'s asset management arm, which owns about 70 million Cisco shares. He added, however, that the selling of shares began when Cisco provided the sales breakout during the analyst conference call, raising fear that revenues were weaker than they looked. Campbell and other analysts called the concerns baseless, pointing out those revenues are ultimately product-related. They said Cisco is performing well in a weak market and continues to take market share from its competitors, even in the weak telephone carrier market where spending is still off. Cisco on Wednesday reported second-quarter earnings before special items of $664 million, or 9 cents a share, sharply higher than the 5 cents a share that analysts had expected, according to Thomson Financial/First Call. A year earlier, the company earned $1.3 billion, or 18 cents a share. Revenues fell 29 percent to $4.8 billion, but topped analysts' expectations of $4.55 billion. ``They didn't just beat our January 2002 forecast, they beat our January 2003 forecast,'' said Salomon Smith Barney analyst Alex Henderson. ``That's a whole year ahead.'' He lauded Cisco's second-quarter gross profit margins, which were 57.6 percent of revenues compared with 54 percent in the previous quarter. Henderson said that ``spectacular'' level was above what he was forecasting for the 2003 fourth quarter, and he pointed out Cisco said the rate would be up again in the current quarter. Several analysts called the sell-off in Cisco's stock a major buying opportunity. ``I'd be buying this thing all day long,'' Campbell said. ''I'd take out a second mortgage on your house and buy this stock.'' Since the start of last year, Cisco's stock has outperformed its competitors in the American Stock Exchange Networking Index (.NWX) by more than 25 percent.

To: Sig who wrote (6041)	2/7/2002 6:47:45 PM
From: Venkie	Respond to of 13815

down we went...this is scary...holding most my cash tight.

To: Sig who wrote (6041)	2/8/2002 9:16:51 AM
From: Boplicity	Respond to of 13815

Just the turn from really bad to starting to be better. Think of the earnings as an inverted bellshape curve with right side moving out a much lower slope. baby steps first. I think the below is the beginning of the repair process from ENRONitist <<GE General Electric price decline is a gift -- Business Week (37.20) One value fund investor is taking advantage of recent decline of GE amid accounting concerns to purchase the stock, according to Business Week. "With the witch-hunt going on for other Enrons, GE has been beaten down unjustifiably, since there isn't any evidence that an accounting problem exists." >> B b