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

To: ed who wrote (22361)	2/10/1999 4:32:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 77397

Merrill Lynch opinion:accumulate, long term BUY......Investment highlights include:13 new products this Qtr....service provider orders up 50%.....73% of bookings over internet...positive book to bill ratio. Estimates 0f 1.60 this year and 2.00 next. I think this stock is CHEAP. It is in a class by itself

To: ed who wrote (22361)	2/10/1999 7:46:00 AM
From: ayn rand	Respond to of 77397

Technology Shares Fall as Internet Enthusiasm Wanes (Update2) Bloomberg News Feb 9 1999 4:58PM ET Technology Shares Fall as Internet Enthusiasm Wanes (Update2) (Updates with closing share prices.) New York, Feb. 9 (Bloomberg) -- Yahoo! Inc., Dell Computer Corp., Cisco Systems Inc. and other technology stocks fell as enthusiasm for Internet shares waned. Dell, the No. 1 direct seller of personal computers, fell 6 1/4 to 97 13/16 in trading of 26.6 million, making it the most active stock in U.S. markets. Cisco, the biggest maker of networking equipment, fell 6 to 95 15/16. Top Internet directory Yahoo! fell 17 7/8 to 140 3/4, while Intel Corp., the world's largest computer-chip maker, fell 6 11/16 to 125 5/16. Technology stocks have rallied in recent months, lifted by optimism that one day most consumers will shop, bank and be entertained on the worldwide computer network. The shares fell today after USA Networks Inc. agreed to buy Internet directory Lycos Inc. in a complex transaction that left investors wondering what USA Networks actually paid. Lycos shares plunged as investors who had expected a premium bailed out. ''The euphoria's gone'' for Internet stocks, said Martin Yokosawa, portfolio manager for Oberweis Asset Management Inc., which oversees $225 million. ''We went to the party and really whooped it up and now we have a hangover.'' Dell and Cisco both rose to records last week, while Yahoo! and Intel touched all-time highs last month. The Nasdaq Composite Index saw its biggest drop in four months today, sliding 94.13, or 3.9 percent, to 2310.79. Pure Plays The biggest decliners today were the so-called ''pure plays'' on the Internet. Lycos fell 33 to 94 1/4. E*Trade Group Inc., the online brokerage, fell 5 9/16 to 40 3/16. EBay Inc., an online auctioneer, tumbled 18 1/8 to 212 7/8. Cnet Inc., which provides online and TV programming about technology, fell 25 3/4 to 98 1/2. Online bookseller Amazon.com Inc. fell 9 1/8 to 100. ''There's just no value'' in many Internet stocks, Yokosawa said. ''They've discounted the earnings five years out, and it has to be the very best scenario to have those prices be valid. There's just no way. The uncertainty is too high.'' Makers of computer equipment, which rose along with Internet stocks in recent months, also fell today. Investors had been buying shares of Cisco, Dell, Sun Microsystems Inc. and others because they make equipment people need to get on the Internet. Shares of Sun Microsystems, for example, have risen almost 60 percent in three months. The company makes high-powered computers that run Internet sites and has identified itself with the Internet through an advertising campaign that calls Sun the dot in ''.com'' Sun fell 6 7/8 to 97 5/8. Similarly, Cisco shares soared in January as investors bet on the company that made the ''plumbing'' for the Internet: the big routers and switches that direct the flow of information. --Anthony Effinger in San Francisco (415) 912-2994 with reporting from Phil Serafino in the New York newsroom (212) 318-2358/

To: ed who wrote (22361)	2/10/1999 9:03:00 AM
From: jach	Read Replies (3) \| Respond to of 77397

CSCO is way overpriced compared to Lucent. Lucent is much bigger and in the same business, but LU does have enormous R&D arm which csco does not have. LU probably has more PhDs than all of CSCO engs. Look at the profiles, LU mkt cap is smaller than CSCO, this is ridiculous. Based on this CSCO is an extremely high risk stock compared to LU. LU even pays dividend and LU earnings are also better than CSCO. With ASND in their pocket, LU has what CSCO has and much much more. imo, CSCO at these prices is still overvalued. quote.yahoo.com quote.yahoo.com