Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Koligman who wrote (10150)	11/4/1997 5:03:00 PM
From: HammerHead	Respond to of 77400

Buy on the rumor sell on the truth ?

To: John Koligman who wrote (10150)	11/4/1997 5:05:00 PM
From: Zoltan!	Read Replies (1) \| Respond to of 77400

When last on CNBC Chair Morgridge essentially said Cisco will not disappoint, i.e., we do not lie. Cisco standard. Regards

To: John Koligman who wrote (10150)	11/4/1997 5:37:00 PM
From: Dr. Doktor	Read Replies (2) \| Respond to of 77400

<<It's a tough call in the short run as to what CSCO will do. Look at Compaq, they beat the consensus number (.68) by three cents, and the stock went down a couple bucks right after the announcement. As a matter of fact, CPQ hit 79 and change before earnings and went down to around 70 after earnings (before the big meltdown). Hopefully CSCO will act better than CPQ did. Good luck to all...>> CPQ ran up the day of their report because Merrill Lynch analyst Lucy Painter increased her EPS estimate to 0.77 (way above concensus) the day of the report. Turns out she miscounted shares outstanding. Too late though, she got everyone expecting a blowout and they only beat by a few cents so the stock got hammered. None of this really has anything to do with CSCO though. I don't believe there was an official whisper number on CSCO and so it should move up some tomorrow. I expect it to trade downward after the buying pressure drys up though. Merrill Lynch has a 12 month price target of $90-92 and 12-18 month target of $100-105. They will take it to an intermediate term hold if it gets to their price target.