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

To: jjs_ynot who wrote (23458)	3/6/1999 4:19:00 AM
From: elmatador	Read Replies (1) \| Respond to of 77400

Old world not sexy, but profitable: Shares of Siemens, Europe's No. 3 phone equipment maker, rose 4.77 euros, or 4.8 percent, to 59.35 euros, or $64.43, bringing the company's two-day gain to 11 percent. Siemens to unveil more network buys By Reuters Special to CNET News.com March 5, 1999, 11:00 a.m. PT update MUNICH, Germany--Siemens shares extended yesterday's gain in Europe on optimism the company is embarking on a buying spree to reinforce its data networking business. Shares of Siemens, Europe's No. 3 phone equipment maker, rose 4.77 euros, or 4.8 percent, to 59.35 euros, or $64.43, bringing the company's two-day gain to 11 percent. Siemens reportedly agreed to buy closely held Argon Networks, a U.S. maker of Internet equipment, for about $240 million, people familiar with the transaction said. The company is also in talks to buy Castle Networks for $300 million and a $30 million stake in Accelerated Networks, the Wall Street Journal reported. Siemens would only say that it plans to hold a press conference in the United States on Monday on its network operations.

To: jjs_ynot who wrote (23458)	3/7/1999 12:49:00 AM
From: Technician	Respond to of 77400

Pretty good eh? Not quite: The slow and fast signal are overlapping at the center line, the histogram is negative and the stock is almost approaching the over-bought condition in this trading range. The volume was very poor for such a strong day and the intra-day high set very early in the day was tested with strong resistance with the stock backing off immediately. The most ominous thing is that DELL, MSFT and CSCO along with the NAZ COMP closed right at their 50D SMA with INTC clearly in trouble and way below it. The NAZ new lows were more than new highs, the volume was poor and advance/decline ratio was poor. After 3 up days with the most recent showing a DJIA advance of 260+, the NAZ failed to show good volume or move above it's 50D SMA and CSCO mirrors that. Unless the weekend brings some real great news or interest rates come down significantly, CSCO and NAZ will trend down. the range is 95 - 100 with support at 94 and resistance at 101 1/16 and I don't see a breakout either to the upside or even to the downside quite yet.