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: HammerHead who wrote (11320)	1/5/1998 11:51:00 AM
From: Zoltan!	Read Replies (4) \| Respond to of 77400

>>It may or may not mean anything to CSCO. However, Bloomberg News just reported heavy insider selling in Sybase two weeks ago. On Friday Sybase issued a profit warning. You make your own judgement. (sic) The judgment has been rendered: NEW YORK (Dow Jones Newswires -- January 5, 1998 )--A definite industry pickup in the second half of 1997 has analysts optimistic that network equipment companies will not deliver any earnings shortfalls for the December period. After two industry leaders met only drastically scaled back earnings expectations for their November quarters, Wall Street worried that the slow international demand and domestic spending that plagued networkers in the first half of 1997 might be contining. But, analysts believe a strengthening that began in the third quarter did indeed run through the end of 1997. Driving demand for networkers is the explosive growth of the Internet and network-intensive enterprise applications, said Lazard Freres & Co. analyst Michael Duran. "This is a business with huge, huge growth ahead of it," said Hambrecht & Quist Inc. analyst Farrokh Billimoria. "The demand is there and sustainable. "Deutsche Morgan Grenfell's Lindsay believes industry bellwether Cisco Systems Inc. (CSCO) will earn 42 cents a share in its second quarter ending in January, up from the profit of 34 cents a share a year ago. Cowen & Co. analyst Chris Stix said business is particularly robust for Cisco since the company "has a strong new product suite." These products include Cisco's Catalyst 5500 modular local-area network switch, which began to ship in early 1997; and its AS5300 access concentrator and its 12000 gigabit switch router, which shipped more recently. Hambrecht & Quist's Billimoria noted that Cisco is one of the stronger networking players because it is in most parts of the business and is not overly dependent on any one segment. .....This robust Ethernet cycle should benefit Cisco at the higher end of the market and 3Com and Bay Networks at the lower end. .....In addition, lower prices and stiff competition have over the last 18 months dragged operating margins down to the midteens from the 20%-to-30% range for most networking companies other than Cisco, NationsBanc Montgomery Securities analyst Tobia said. excerpt from "Steady Earns Seen For Networking Cos. As Pickup Continues" interactive.wsj.com!DI01/04++1218!&time=01/05+11:05 By Joelle Tessler Regards