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

To: Techplayer who wrote (23247)	3/2/1999 11:38:00 AM
From: Techplayer	Read Replies (1) \| Respond to of 77400

RESEARCH ALERT - ILJ starts Cisco as long-term buy NEW YORK, March 2 (Reuters) - Interstate Johnson Lane said Tuesday it started coverage of Cisco Systems <CSCO.O> with a long-term buy rating for capital gains/higher-risk accounts. -- Sets 12-month price target of $121 per share. -- Forecasts 1999 revenue for the year ending in July 1999 of $11.6 billion, generating earnings per share of $1.47 versus $1.17. -- Says long-term buy rating based on the fact that Cisco is dominant equipment provider to the Internet. -- Says Cisco is No. 1 and 2 in six key markets in the $200 billion telecom equipment market, and has aligned itself with industry leaders and is one of the most sought-after partners in networking. -- Says Cisco currently trades at a premium to its peer group, with a 1999 price/earnings ratio of 68.1 versus group's average of 38.3. But says stock justifies premium, and notes Cisco has not missed a consensus earnings estimate since going public in 1990. -- Stock unchanged on the day at 99-7/16. ((--Wall Street Desk, 212-859-1730)) REUTERS Copyright REUTER 11:23 03-02-99