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

To: RetiredNow who wrote (61427)	9/25/2002 8:03:07 AM
From: JakeStraw	Read Replies (1) \| Respond to of 77400

Cisco Systems estimates cut at Wachovia (CSCO): Wachovia says checks indicate a year-end budget flush is unlikely in either the enterprise or service provider mkts, which would have made slight sequential growth in the Oct and Jan qtrs achievable; moreover, service provider budgets wont be set until March, meaning that Jan and Feb will likely be very weak spending months; firm's interpretation of co's declining backlog is that visibility has deteriorated some, and thinks the co is likely to guide down sequentially for the Jan qtr; cuts FY03 rev/EPS ests to $18.8 bln/$0.50 from $19.9 bln/$0.52. (below consensus). finance.yahoo.com