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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40975)	4/7/2004 11:20:27 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70846

10:13 CSCO Cisco Systems: storage unit may be tracking slightly below plan - Sanders Morris (24.43 -0.22) Sanders Morris Harris says that their checks still indicate that Cisco's April qtr is tracking to the high end of the guidance range and the relative softness impacting the storage group does not appear to be impacting the rest of the co's business; firm believes that the co's storage revs will be in the mid-$30 mln range, below an internal stretch goal of $40 mln and in-line with last qtr's orders of $34 mln; while a goal of $40 mln does not appear to be a stretch given that Cisco still has the last month of the qtr remaining, firm believes the month of April will be weak for its storage unit since it is the first month of the qtr for storage OEMs through which Cisco sells most of its storage switch products.