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

To: tepli who wrote (17693)10/5/1998 10:58:00 AM
From: Eric  Read Replies (2) | Respond to of 77399
 
Boy, What a knee jerk reaction today.

There are a lot of scared individuals out there!

Eric



To: tepli who wrote (17693)10/5/1998 11:35:00 AM
From: Tulvio Durand  Read Replies (1) | Respond to of 77399
 
SG Cowens cuts Q earnings earnings estimate by 1c and CSCO loses $12 Billion in market cap. Granted FTC letter hurt too, and overall market is down, but response seems way exaggerated. Am I alone in this assessment?

Tulvio



To: tepli who wrote (17693)10/5/1998 12:14:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 77399
 
I can do arithmetic -g-

I see it's up from $30, which was too high, to $55 in one year with slowing sales and earnings, even before world troubles began. 55/30 is a 83% gain with deteriorating fundamentals.

Told you guys that banks and hedge funds buy over 25% of CSCO equipment ...


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