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

To: Victor Lazlo who wrote (65117)	12/4/2003 8:23:58 AM
From: John Carragher	Read Replies (2) \| Respond to of 77400

merrill upgrades csco Dealers cited an upgrade from Merrill Lynch to buy. "Our upgrade is based on our view that demand within the U.S. enterprise market will recover in 2004, and more importantly to our numbers, our belief that Cisco will grow its operating expenses only modestly compared to our expectations for revenue growth," Merrill said. The broker raised its 4004 and 2005 earnings per share estimates to 73 cents and 85 cents, from 70 cents and 74 cents, respectively