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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Petrol who wrote (153681)	2/27/2002 12:02:49 PM
From: GraceZ	Respond to of 436258

Yup. From Briefing: 11:29AM Cisco Systems numbers cut by Wachovia in pre-market note (CSCO) 15.18 -0.32: -- Update -- Has traded in the red for most of the morning. Contributing to weakness are estimate cuts this morning by Wachovia Sec. Following channel checks and recent events, firm reduced numbers for FY02 and FY03. Although stock has declined about 15%-20% since Q2 earnings release, Wachovia does not feel a sequential decline is yet built into expectations. Thinks stock could test the Sept lows of $10-$12 as this scenario works its way in. For FY02, firm cuts est to $0.28 from $0.31 (consensus $0.32). For FY03, reduces to $0.33 from $0.39 (consensus $0.47).