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

To: Thomas Scharf who wrote (11935)	1/30/1998 2:02:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 77400

<< I believe that csco is a great company, but why should they beat estimates by significant amount when everyone else is falling short? >> Simple. C$CO guided analysts down to an easy to beat 27% EPS growth over last year. Look at C$CO's last several earnings reports. Year over year growth went from the 40% range to the 30% range, and now they are only projected to raise EPS 27% for the latest quarter. Keep lowering the bar and estimates can be made. KO missed earnings after estimates were reduced, and they are still marching towards 70. KO is only forecast to grow earnings in 1998 a few percent above 1997 levels yet it pushes higher and sports a huge multiple. Gillete (G) misses earnings (which were ratcheted down like KO's. They both warned that estimates were too high) yet they get upgrades and it moves higher. There is money to be put to work and the big bad names get it. It's that simple. C$CO's part of the new "nifty fifty"