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.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (11570)	2/2/1999 8:54:00 PM
From: A. Charles	Read Replies (1) \| Respond to of 90042

<<don't play options>> A giggle for the thread: I'm holding the long half of a bear put spread on AMZN, giving me the priv. of selling at 80 on or before the end of the third Friday in July. What's your (the thread's) vote on whether I'll make a lot of money??? Tim has said don't mess with internet stocks! Good luck, ac

To: Tim Luke who wrote (11570)	2/2/1999 8:58:00 PM
From: puborectalis	Respond to of 90042

Cisco Tops 2Q Forecasts By A Penny (02/02/99, 7:01 p.m. ET) By Sergio G. Non, TechWeb Cisco Systems squeezed past analyst estimates in the second quarter. According to fiscal second quarter results released after market close Tuesday, the world's largest maker of networking equipment earned $606 million, or 36 cents a share, not counting one-time charges. First Call's survey of 30 analysts predicted a profit of 35 cents a share for the quarter ended Jan. 23. Second quarter sales rose 40 percent to $2.8 billion, from $2 billion a year earlier, when Cisco earned $457 million, or 29 cents a share. The company said it extended its share of the market for LAN switches and continued to do well in the market for complete network systems. Shares of Cisco retreated 3 to 109 25/64, following the earnings report. Investors may have been disappointed by the lack of any announcement of a Cisco stock split. In the second quarter, Cisco recorded one-time charges of $349 million to write off in-process R&D at four acquired companies -- Summa Four, Clarity Wireless, Selsius Systems, and PipeLinks. Including those charges, Cisco earned $288 million, or 17 cents a share, for the quarter. The company said it is banking on Internet growth to fuel demand for networks that combine voice, data, and video. Recent customers for Cisco's integrated networks include ISPs such as PSInet, and telephone companies like GTE and Sprint. "The Internet revolution will determine which companies survive and which get left behind, said John Chambers, president and CEO of Cisco. "Increasingly, the Internet is recognized as the key driver in our global economy." Cisco equipment directs most of the traffic on the Internet, but the company could finally see some formidable competition. In a Tuesday afternoon conference call, Cisco said the planned combination of Lucent and Ascend will present a challenge. Although Cisco's revenue mainly comes from large corporations, the company is aiming for small businesses and consumers. Cisco has licensed its technology to consumer-electronics manufacturers, and is talking to ISPs, in an attempt to speed up the rollout of broadband Internet access to homes. Related Stories: Cisco CEO Touts Net Vision At ComNet Cisco Tops 1Q Estimates By A Penny Search Archives

To: Tim Luke who wrote (11570)	2/2/1999 9:02:00 PM
From: puborectalis	Respond to of 90042

Cisco Tops 1Q Estimates By A Penny (11/04/98, 5:33 p.m. ET) By Sergio G. Non, TechWeb Better-than-expected sales helped Cisco Systems edge past Wall Street forecasts in its fiscal first quarter. According to results released after market close Wednesday, Cisco posted net income of $559 million, or 34 cents a share. First Call estimated a profit of 33 cents per share. First quarter sales rose to $2.59 billion, up 38 percent from $1.87 billion a year earlier, when the company saw earnings of $416 million, or 26 cents a share. "The quarter finished very strongly," said Bill Becklean, managing director at brokerage Tucker Anthony. "They had good demand for their Access products and their telco-switching products. They're clearly focused very heavily on the service-provider market." Now analysts want to see how macroeconomic issues affect Cisco, said David Powers, senior technology analyst with brokerage Edward Jones. "The major question on peoples' minds is, 'Is there going to be a reduction in capital spending from major corporations, in light of the slowing economy?'" Powers said. "If spending does slow down, Cisco may be in a bit better position than other network-equipment companies, but it's still going to affect margins." Until now, Cisco has been able to beat consensus estimates largely because component prices have continued spiraling down, Powers said. Cisco is still in a good position to expand in other markets, Powers said. "Cisco continues to penetrate the service-provider market," he said. "You see wins with Sprint, wins with Enron Communications, and when you see contract wins of that nature, you get a sense that they're seeing success there." Related Stories: Web Saves Cisco $550 Millon Annually Cisco Edges Past 4Q Forecasts

To: Tim Luke who wrote (11570)	2/2/1999 9:08:00 PM
From: mlmpro	Respond to of 90042

Thanks Tim for that quick response. If CSCO opens anywhere below 113 tomorrow morning, I'm buying a s&!tload of it, and won't look at it until 130. I do think that the big boys may have gotten their dips after hours and will continue pre-market tomorrow morning, putting us back at 113 or higher before the market opens (and thus, disagree with you on your assessment with opening lower). I'll have to watch the stock price after the open and after this "disapointment of no split" to settle down before bailing on the options. I do agree with you on where csco will be in 2 weeks and will probably end up flat or at a slight profit on my options, but I'll let you know how things turn out. P.S. I've liquidated the penny portfolio,JBOH & some other stuff in my firstrade account yesterday. These proceeds are being reinvested in a new brokerage account, 50 % in PAIR, one of Jenna's picks, 10% gambling funds to daytrade with, and a small portion for a trip to Spain. When I sell PAIR, I'm headed straight to the Sea-Doo Dealer. I've learned fast to ditch the pennies and get a real broker. Now, if only I could learn to reinvest more profits...