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

To: rodney beasley who wrote (21789)	2/3/1999 1:28:00 AM
From: jach	Respond to of 77397

Net sales for the first six months of 1999 were $5.42 billion, compared with $3.89 billion for the same period last year, an increase of 39%. Pro forma net income, which excludes the write-off of purchased in-process R&D from acquisitions, was $1,165 million or $0.70 per share, compared with pro forma net income of $873 million or $0.55 per share for the first six months of 1998, increases of 33% and 27% respectively. -------------------- important point is that per share increase of 27% only. Based on this the reasonable target stock price based on current earning is = 1.40x27 and that is $37.80. Based on next year earnings will be (1.401.33)27= $50.2