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Non-Tech : The Dazzling and New Women of SI Thread -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (149)	4/10/2002 9:21:54 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 228

Analysts at Merrill Lynch are defending Cisco Systems (CSCO:Nasdaq - news - commentary - research - analysis), saying sources and channel checks indicate the networking giant is unlikely to issue an earnings warning at this point in the quarter. On Tuesday, Cisco's shares fell $1.36 a share to $14.82 in extremely heavy volume as rumors circulated that it would preannounce a disappointing third quarter. According to Merrill, sources and channel checks show Cisco is executing effectively in a poor IT-spending environment, although the final weeks of the quarter will be crucial. Another firm, Needham & Co., upgraded the stock to a buy from hold and raised its price target to $18 a share. The positive comments were lifting Cisco's shares in the premarket session. On Island, they were recently gaining 35 cents, or 2.4%, to $15.17.