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

To: Chi-X who wrote (10025)	11/3/1997 3:48:00 PM
From: .com	Read Replies (1) \| Respond to of 77400

From briefing.com: CISCO SYSTEMS (CSCO) 83 7/8 +1 27/32. Shares of leading computer networking concern continue to make-up ground, one week after the stock was badly beaten up as the market sentiment ran indiscriminately against tech stock following the collapse of the Asian markets. Last week, this issue traded as low as $68 a share, before some investors came to their senses and started buying the stock. Since last Tuesday, the stock has made up most of its losses as the issue trades less than $2 below its high of $85 1/4. The stock has recently received a boost from the Big Money Poll Survey conducted by Barron's in which the stock is listed among the Most Favored Stocks by money managers. In addition, the company is due to report its fiscal 1Q results tomorrow and, according to the First Call median, Cisco is expected to post a profit of $0.58 a share, excluding an acquisition expense of $0.08 to $0.10 a share. In the year-ago period, the company had a net of $0.47 a share, excluding a $0.05 asset sale gain and a $0.26 acquisition expense. It earned $0.55 a share in the preceding quarter on revenues of $1.765 billion. While the stock has held up so far going into its earnings release, some profit taking may emerge in the next 24-hours as some investors may prefer to step to the sidelines, given how poorly the stock was treated last quarter when the company met market expectations, but came in shy of the so-called "whisper number." This time around, there are not too many expectations beyond the consensus, which should prove positive for the stock if the company can match expectations.