Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Jack Colton who wrote (59063)	1/13/1999 2:18:00 PM
From: Xpiderman	Respond to of 61433

>>Can anyone verify this downgrade of CSCO?<< Cisco Systems (CSCO) Gruntal & Co. downgrades computer networking company from "buy" to "hold" based on valuation as issue is currently trading over 50 times projected FY00 EPS estimate; would swap into 3Com (COMS 44 13/16 -3/4) instead. Intel Corp. (INTC) Gruntal & Co. reiterates "buy" rating on chip maker and raises estimates due to strong Q4 results; company delivered powerful revenue gains, coupled with strong gross margin expansion, which exceeded recent company guidance; ups FY99 EPS estimate from $4.50 to $4.90 and sets a FY00 EPS estimate of $6.15 a share; raises its price target from $125 to $170.