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.

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

To: RetiredNow who wrote (59183)	5/2/2002 2:03:04 AM
From: puborectalis	Respond to of 77400

Cisco Systems (CSCO) 13.96 -0.69: This morning CSCO announced a definitive agreements to acquire privately-held Hammerhead Networks, Inc. and Navarro Networks, Inc. Merrill Lynch thinks it is unclear whether purchases are signal that things are getting better at CSCO since deals are spin-ins based either on Cisco exercising its call or the individual companies exercising their puts. While firm believes company is doing well in this environment, it does not believe investors should use today's events as an all-clear signal, points to next wk's earnings call as better indication of trend of business. Merrill maintains intermediate-term Buy rating; thinks as long as data networking remains the foundation of enterprise IT spending, CSCO should be able to capitalize on its strong market position....Shares trading 4.7% down. Veritas Software (VRTS) 28.19 -0.15: After more than doubling its share price following post 9/11 lows of around $20, VRTS stock has stalled and dropped more than 35% on sector sell-offs, analyst downgrades, and a Q2 warning (on 4/16). Mgmt hosted an analyst meeting yesterday and shares continue to travel lower (down 3.5%) despite fairly upbeat analyst comments. Soundview writes "mgmt has never been so confident in its strategic position" and continues to believe that VRTS remains an appealing name with a $41 price target. Merrill Lynch believes the co. is on target to make their June ests and names VRTS as the best positioned co. in the storage mkt.