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: larry who wrote (59925)	6/24/2002 8:50:16 AM
From: JakeStraw	Respond to of 77400

Banc of America Securities downgrades networking gear firms in report 6/21/02 Analyst Christopher Crespi downgrades Cisco Systems, Ciena, ONI Systems and Juniper Networks from "strong buy" to "buy", and downgrades Lucent Technologies, Nortel Networks and Tellabs to "market performer." Crespi upgraded systems vendors April 1st expecting to see a recovery in the June timeframe. But that hasn't happened, and now he doesn't expect any near-term improvement. He sees continued problems at telecommunications service carriers and no sign of sustained growth in enterprise spending. The downturn for equipment firms could stretch well into next year, Crespi says, and he suggests focusing on companies' balance sheets and liquidity positions. Visit: clickthru.online.com