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Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?


To: Bulldozer who wrote (1764)6/3/1998 11:29:00 AM
From: Estephen  Read Replies (2) | Respond to of 3818
 
all- I think pmcs is reacting to this, up +2. sprint is providing atm to the residence (is what I understand at this point).

Wednesday June 3, 10:36 am Eastern Time

RESEARCH ALERT- Cisco Systems still a buy

CHICAGO, June 3 (Reuters) - Gruntal & Co on Wednesday said it is maintaining a buy
recommendation for Cisco Systems Inc based on a major equipment deal that Cisco secured for
Sprint Corp's (FON - news) new telecommunications network.

Yesterday, Sprint announced plans for an advanced telecommunications network that will allow
customers to make phone calls, send and receive faxes and search the Internet all over a single
phone line. Cisco will provide technical expertise and equipment.

Shares of Cisco were trading up 1-2/16 to 77-9/16.