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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Jo Ellen T who wrote (86985)	5/6/2003 3:38:15 PM
From: 2MAR$	Respond to of 208838

well lot's of scrutiny on CSCO's guidance tonight , market has been running on shorts and Funds buying up till now , but that has eased off ....CSCO could provide one more squeeze tonight and this week ... that would be just fine with me , as that will truely will present some nice short opps in the semi's especially <G> here's a little preview, looks like Chambers has work cut out for him as usual: Cisco Systems Earnings Preview (15.72 +0.33) The true barometer of the technology sector reports its much anticipated Q3 earnings after the close. The current Reuters Research earnings estimates are for $0.14 per share and revenues of $4.6 mln. In a preview of the qtr, RBC Capital Mkts sees co performing at the low-end of its guidance. From a guidance standpoint, believes co will guide sequential revenue growth in the flat to up modestly range. In a Fulcrum note, the analyst expects co. to provide book-to-bill numbers below the targeted 1.0 mark We should also note that this analyst has a sell rating on the shares given the confluence of lackluster earnings growth, declining gross profit margins and weak spending environment. In contrast, a Bear Stearns analyst cites in his preview the possibility of book-to-bill not being as bad as expected with backlog potentially exhibiting a decline. The analyst also cites, as many others who cover the stock, the lack of significant upside near term given the challenging business conditions in its target markets.