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

To: GVTucker who wrote (61307)9/18/2002 3:27:51 PM
From: rkral  Respond to of 77400
 
GVTucker, re backlog

Excerpt from 9-18-02 Dow Jones news story ...

"We believe that the current business environment remains unchanged and the reduction in backlog is primarily caused by the short lead times the industry is witnessing," said Merrill Lynch analyst Samuel Wilson in a Wednesday note. The firm has performed investment banking services for Cisco within the last three years.

Last year, Cisco's backlog fell 30%, the same percentage as this year, to $2 billion from $3.4 billion, while revenue remained basically flat.

"(That makes) changes in backlog an inconclusive indicator of future near-term business," Wilson noted.

Sorry, I can't provide a link or total article. Ron



To: GVTucker who wrote (61307)9/18/2002 3:28:05 PM
From: kvkkc1  Read Replies (1) | Respond to of 77400
 
Immune? Hell, they've lost 85% of their market cap in 2.5 years while growing market share according to all the idiot analysts and researchers. Hmm, I wonder what passes for research these days. They also had a post on the wires about how they would only have a $373M profit in 02 if they expense the options they handed out. That's what bothers me. They are still overvalued and in fact have pulled a ponzi scheme.


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