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

To: Peppe who wrote (17447)	9/28/1998 5:41:00 PM
From: Zoltan!	Respond to of 77398

JP Morgan's Cliggot: Mkt Already Adjusted For Rate Cut NEW YORK (Dow Jones)--Because U.S. equities have rallied over the past few trading periods, the market may have adjusted for an interest rate reduction already, according to Doug Cliggot, chief strategist for J.P. Morgan Securities Inc. In an interview with CNBC Monday, Cliggot predicted a 25-basis-point rate-reduction on the part of the Federal Reserve after its Tuesday policy meeting. "What we might have seen late this afternoon isn't so much a swing to, 'They're not going to cut rates,' but a scaling back of the degree of the rate cut," Cliggot said. After Tuesday's Fed announcement, market participants will shift their focus quickly to third-quarter corporate profit projections, the strategist said. He doesn't believe, however, that negative surprises are in store for third-quarter corporate earnings since analysts already have readjusted their estimates downward. "The important thing is what kind of forward spin companies will put on their earnings numbers for the fourth quarter and into the new year," he said. For Cliggot, further down the road causes him the most worry. "Our best guess is that earnings will stay relatively sluggish, at least into the start of next year, and that's a little lower than the current consensus," he said. Nonetheless, Cliggot suggested stashing money in the stocks of companies traditionally blessed with investor confidence, such as the pharmaceutical and biotechnology sectors. He also likes technology companies in the networking area, including Cisco Systems Inc. (CSCO) and Lucent Technologies Inc. (LU), but cautioned that "it's hard to say that (investor confidence) isn't already in the market." -By Scott Eden; 201-938-5173 interactive.wsj.com

To: Peppe who wrote (17447)	9/28/1998 10:32:00 PM
From: jach	Read Replies (2) \| Respond to of 77398

CCisco 10-K Summary for Short Attention Spans Business Overview Cisco is worldwide leader in networking for Internet. Internet changing the way we work, live, play, learn, eat, sleep. Whatever you need, we got. Routing; switching (bought Catalyst for LAN and StrataCom for WAN, thankyouverymuch); access (servers, dial-up, DSL, cable modems, whatever); SNA/LAN (legacy mainframe); Internet services (firewalls, various other stuff); Cisco IOS Software (aka, "the ultimate weapon," "the franchise"). To satisfy customers' needs, Cisco will either: develop it in-house, partner with someone else, resell someone else's product, or buy another company. Risks and Uncertainties. Acquisitions are risky. Partnerships are risky. Life is risky, especially in the Internet world. Cisco is moving into the telco space. Way risky. Lucent, Nortel, Ericsson... all bi-i-ig!. Plus, there's Y2K, the Euro, earthquakes, floods, God knows what else. ------------------------ yes, there is earthquake and seems like the chance of a big one in silicon valley (SV) is getting higher; if one has a bunch of SV stocks in majority that is really one thing to think about -