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

To: John F. who wrote (17711)	10/5/1998 12:33:00 PM
From: ioioioi	Respond to of 77399

This is nothing new. Look at the periodic charge statements they have issued. Cisco has consistently released charge information before.

To: John F. who wrote (17711)	10/5/1998 12:34:00 PM
From: JRH	Read Replies (1) \| Respond to of 77399

JF: This is a normal procedure of Cisco's: announce that they will take a charge related to an acquisition. In fact, if you go back to the press release and read it, it will probably say that they expect to take a one-time charge for the purchase. Folks, this huge decrease in price is not mutually exclusive to CSCO alone. The other blue chip techs are hurting too. I suppose that the downgrade only added the straw that broke the camel's back. To be honest, I think that SG Cowen does have a point in the statement that Enterprises may cut back on their spending. I respect a statement like that over some statement that they are just jumping on the bandwagon because the stock is slumping (like most ANALysts do). Oh well, good thing I am long term! BTW, R/T quote is at 47 with a volume of close to 39,000,000. And it is only 9:30 PST! Have another beer tonight folks.... JRH