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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (3651)12/2/1997 10:12:00 PM
From: Ian@SI  Read Replies (2) | Respond to of 10921
 
... and another dissenter from within Merrill Lynch. I trust Bellace's advice as much as I advise Tom "chicken little" Kurlak's.

Cisco's loss came despite an upgrade to "buy" from "accumulate" from Joseph Bellace at Merrill Lynch and a new product announcement from the folks on Tasman Drive. In upgrading Cisco, Bellace cited the company's consistent quarterly earnings growth and a projected 38% annual increase in the size of four key networking market areas in which Cisco holds the #1 or a close #2 position. Bellace offered a 12-month price target of $105, based on a fiscal 1999 EPS estimate of $3.25 to $3.35.



To: Ian@SI who wrote (3651)12/3/1997 8:33:00 AM
From: Proud_Infidel  Read Replies (1) | Respond to of 10921
 
IAN,

Yesterday, ML also raised its rating on KO. Go figure? KO is traing at ~35 eps yet and is growing at ~ 10x. AMAT growing at ~25%/year yet is given a multiple of 15X FY98 eps and is downgraded after falling 40%, the precise time one should start thinking of accumulating some shares. If anyone can make any sense out of this, please email me.

Regards,

Brian


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