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

To: StockMan who wrote (17798)	10/6/1998 1:24:00 AM
From: MMW	Read Replies (2) \| Respond to of 77399

You are right about the message sent by Cowen that the enterprise spending is slow down. With financial sector melt down, it is possible their spending slows down. If CSCO has 15% more revenue came from that sector, it is going to be affected unless CSCO finds another avenue to replace it. Look at LU, for example, once people realized the potential slow down. They dumped the stock first even LU has stated they are comfortable with earning estimate. I guess this is a very sensitive market. High valuation has to be supported by solid fundamentals. I will not know how CSCO is doing until it reports earning in early Nov. That is what I thought todays action on CSCO stock. Cheers! Mike