Showing posts with label Cisco. Show all posts
Showing posts with label Cisco. Show all posts

Friday, February 10, 2012

Apple (AAPL) (CSCO) (NOK) (EZCH) (NWSA) (THOR) (BYD) Ratings, Price Targets

Apple (NASDAQ: AAPL), Cisco Systems, Inc. (NASDAQ: CSCO), Nokia (NYSE: NOK), EZchip (NASDAQ: EZCH), News Corp. (NASDAQ: NWSA), Thoratec (NASDAQ: THOR) and Boyd Gaming (NYSE: BYD) had ratings and price targets on them adjusted by analysts.

Mizuho Securities initiated coverage on Apple (AAPL). They placed a “Buy” rating and a price target of $635.00 on the company.

Cisco Systems, Inc. (CSCO) had its “Outperform” rating reiterated by Wells Fargo & Co. (NYSE:WFC)

Nokia (NOK) had its “Hold” rating reiterated by Canaccord Genuity.

EZchip (EZCH) had its price target raised by Auriga from $37.00 to $45.00. They have a “Buy” rating on the company.

News Corp. (NWSA) had its price target raised by Deutsche Bank (NYSE:DB) from $20.50 to $23.75. They have a “Buy” rating on the company.

Thoratec (THOR) had its price target raised by Goldman Sachs (NYSE:GS) from $33.00 to $34.00. They have a “Neutral” rating on the company.

Boyd Gaming (BYD) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.

Thursday, February 2, 2012

Cisco (CSCO) (CSFL) (BX) (BCR) (BMA) (BRCM) Ratings, Price Targets

Cisco Systems, Inc. (NASDAQ: CSCO), CenterState Banks, Inc. (NASDAQ: CSFL), The Blackstone Group L.P. (NYSE: BX), C.R. Bard, Inc. (NYSE: BCR), Banco Macro SA (NYSE: BMA) and Broadcom (NASDAQ: BRCM) ratings and price targets.

Cisco Systems, Inc. (CSCO) had its “Buy” rating reiterated by Sterne Agee. They have a price target of $25.00 on the company.

CenterState Banks, Inc. (CSFL) had its “Buy” rating reiterated by Wunderlich. They have a price target of $9.00 on the company.

Deutsche Bank (NYSE:DB) initiated coverage on The Blackstone Group L.P. (BX). They placed a “Buy” rating and a price target of $19.00 on the company.

C.R. Bard, Inc. (BCR) had its price target raised by Citigroup (NYSE:C) to $95.00.

Banco Macro SA (BMA) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.

Broadcom (BRCM) was downgraded by Auriga from a “Buy” rating to a “Hold” rating. They have a price target of $37.00 on the company, up from $35.00.

Tuesday, January 24, 2012

Netflix (NFLX) (TSN) (GRPN) (CSCO) (RBCN) (BBBY) Ratings, Price Targets

Netflix (NASDAQ: NFLX), Tyson Foods (NYSE: TSN), Groupon (NASDAQ: GRPN), Cisco Systems (NASDAQ: CSCO), Rubicon Technology (NASDAQ: RBCN) and Bed Bath & Beyond (NASDAQ: BBBY) ratings and price targets.

Netflix (NFLX) had its “Equal Weight” rating reiterated by Morgan Stanley (NYSE:MS).

Tyson Foods (TSN) had its “Equal Weight” rating reiterated by Morgan Stanley.

Ascendiant Capital Markets initiated coverage on Groupon (GRPN). They placed a “Sell” rating and a price target of $14.00 on the company.

Cisco Systems (CSCO) had its price target raised by Auriga to $24.00. They have a “Buy” rating on the company.

Rubicon Technology (BCN) was downgraded by Kaufman Brothers from a “Buy” rating to a “Hold” rating. They have a price target of $13.00 on the company, down from $16.00.

Bed Bath & Beyond (BBBY) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.

Wednesday, January 4, 2012

Cisco (CSCO) (SPIL) (SQNM) (STRT) (CTSH) (CVC) Upgraded

Cisco Systems, Inc. (NASDAQ: CSCO), Siliconware (NASDAQ: SPIL), Sequenom (NASDAQ: SQNM), Strattec Security Corp. (NASDAQ: STRT), Cognizant (NASDAQ: CTSH) and Cablevision (NYSE: CVC) were upgraded by analysts.

Cisco Systems, Inc. (CSCO) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.

Siliconware (SPIL) was upgraded by JPMorgan Chase & Co. from a “Neutral” rating to an “Overweight” rating.

Sequenom (SQNM) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating.

Strattec Security Corp. (STRT) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.

Cognizant (CTSH) was upgraded by Nomura (NYSE:NMR) from a “Neutral” rating to a “Buy” rating.

Cablevision (CVC) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.

Tuesday, January 3, 2012

Cisco (CSCO) (RGC) (MJN) (PANL) (GPI) (CSA) Ratings, Price Targets

Cisco Systems, Inc. (NASDAQ: CSCO), Regal Entertainment (NYSE: RGC), Mead Johnson Nutrition (NYSE: MJN), Universal Display Co. (NASDAQ: PANL), Group 1 Automotive, Inc. (NYSE: GPI) and Cogdell Spencer Inc. (NYSE: CSA) ratings and price targets.

Cisco Systems, Inc. (CSCO) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “neutral” rating to an “overweight” rating.

Regal Entertainment (RGC) was downgraded by Piper Jaffray (NYSE:PJC) from an “overweight” rating to a “neutral” rating.

Mead Johnson Nutrition (MJN) had its price target lowered by RBC Capital from $81.00 to $78.00. They have an “outperform” rating on the firm.

Universal Display Co. (PANL) had its price target lowered by Canaccord Genuity from $40.00 to $35.00. They have a “hold” rating on the firm.

Group 1 Automotive, Inc. (GPI) was downgraded by Goldman Sachs (NYSE:GS) from a “buy” rating to a “neutral” rating.

Cogdell Spencer Inc. (CSA) was upgraded by BMO Capital Markets from an “underperform” rating to a “market perform” rating.

Cisco (CSCO) (ZUMZ), Angie’s (ANGI) (CLVS) (UA) (BDX) Ratings, Price Targets

Cisco Systems (NASDAQ:CSCO), Zumiez (NASDAQ:ZUMZ), Angie’s List (NASDAQ:ANGI), Clovis Oncology (NASDAQ:CLVS), Under Armour (NYSE:UA) and Becton Dickinson (NYSE:BDX) ratings and price targets.

Cisco Systems (CSCO) had its rating on it raised by JPMorgan (NYSE:JPM) from "Neutral" to "Overweight."

Zumiez (ZUMZ) had its rating on it lowered by Piper Jaffray (NYSE:PJC) from "Overweight" to " Neutral."

Oppenheimer (NYSE:OPY) initiated coverage on Angie’s List (ANGI). They have a "Perform" rating and price target of $16.00 on the company.

JPMorgan initiated coverage on Clovis Oncology (CLVS). They have an "Overweight" rating on the company.

Under Armour (UA) was upgraded by Robert W. Baird from a "Neutral" rating to an "Outperform" rating. They have a price target of $90.00 on the firm, up from $84.00.

Becton Dickinson (BDX) was downgraded by Morgan Stanley (NYSE:MS) from and "Equal Weight" rating to an "Underweight" rating.

Monday, December 5, 2011

Cisco (CSCO) (CMG) (ULTA) (UTIW) (CNK) (COMV) Ratings Reiterated

Cisco Systems, Inc. (NASDAQ: CSCO), Chipotle Mexican Grill, Inc. (NYSE: CMG), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA), UTi Worldwide Inc. (NASDAQ: UTIW), Cinemark Holdings Inc. (NYSE: CNK) and Comverge Inc. (NASDAQ: COMV) had ratings on them reiterated by analysts.

JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Neutral" rating on Cisco Systems, Inc. (CSCO).

Morgan Stanley (NYSE:MS) reiterated its "Equal Weight" rating on Chipotle Mexican Grill, Inc. (CMG).

Jefferies (NYSE:JEF) reiterated its "Hold" rating on Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA).

Stifel Nicolaus reiterated its "Hold" rating on UTi Worldwide Inc. (UTIW). They have a price target of $18.00 on the company.

Stifel Nicolaus reiterated its "Buy" rating on Cinemark Holdings Inc. (CNK). They have a price target of $23.00 on the company.

Jefferies reiterated its "Hold" rating on Comverge Inc. (COMV). They have a price target of $3.00 on the company.

Friday, December 2, 2011

Cisco (CSCO) (PVH) (QCOR) (RIMM) (CNQR) (CSH) Ratings, Price Targets

Cisco Systems, Inc. (CSCO), Phillips-Van Heusen (PVH), Questcor Pharmaceuticals, Inc. (QCOR), Research In Motion (RIMM), Concur Technologies, Inc. (CNQR) and Cash America (CSH) ratings and price targets.

Piper Jaffray (NYSE:PJC) raised its price target on Phillips-Van Heusen (PVH) to $83.00.

Jefferies (NYSE:JEF) reiterated its “Buy” rating on Questcor Pharmaceuticals, Inc. (QCOR).

Morgan Keegan lowered its price target on Research In Motion (RIMM) to $19.00.

Goldman Sachs (NYSE:GS) initiated coverage on Concur Technologies, Inc. (CNQR). They placed a “Neutral” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) reiterated its “Neutral” on Cisco Systems, Inc. (CSCO).

Sterne Agee downgraded Cash America (CSH) from a “Buy” rating to a “Neutral” rating.

Thursday, November 17, 2011

SunPower (SPWRA) (CSCO) (SIMO) (CVD) (CVS) (FDX) Upgraded

SunPower Co. (NASDAQ: SPWRA), Cisco Systems, Inc. (NASDAQ: CSCO), Silicon Motion Technology Corp. (NASDAQ: SIMO), Covance Inc. (NYSE: CVD), CVS Caremark (NYSE: CVS) and FedEx (NYSE: FDX) were upgraded by analysts.

SunPower Co. (SPWRA) was upgraded by Avian from a “Negative” rating to a “Neutral” rating.

Cisco Systems, Inc. (CSCO) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $19.75 on the company.

Silicon Motion Technology Corp. (SIMO) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.

Covance Inc. (CVD) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.

CVS Caremark (CVS) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $44.00 on the company.

FedEx (FDX) was upgraded by TheStreet to a “Buy” rating.

Friday, November 11, 2011

Cisco Systems, Inc. (NASDAQ: CSCO) Ratings

Cisco Systems, Inc. (NASDAQ: CSCO) was upgraded or giving ratings reiterations by several analysts.

Cisco Systems, Inc. (CSCO) was upgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform”
rating.

Cisco Systems, Inc. was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating. They have a price target of $22.00 on the company.

Cisco Systems, Inc. had its “Outperform” rating reiterated by Oppenheimer. They have a price target of $21.00 on the company.

Cisco Systems, Inc. had its “Buy” rating reiterated by by Auriga. They have a price target of $22.00 on the company.

Cisco Systems, Inc. had its “Overweight” rating reiterated by Morgan Stanley (NYSE:MS). They have a price target of $21.00 on the company.

Cisco (CSCO) (DVOX) (ENS) (HOGS) (OAS) (ROSE) (VRTX) Upgraded

Cisco Systems, Inc. (NASDAQ: CSCO), DynaVox (NASDAQ: DVOX), EnerSys (NYSE: ENS), ZHONGPIN INC. (NASDAQ: HOGS), Oasis Petroleum Inc. (NYSE: OAS), Rosetta Resources Inc. (NASDAQ: ROSE) and Vertex Pharmaceuticals (NASDAQ: VRTX) were upgraded by analysts.

Cisco Systems, Inc. (CSCO) was upgraded by Citigroup (NYSE:C) to a “Buy” rating. They have a price target of $22.00 on the company.

DynaVox (DVOX) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $5.00 on the company.

EnerSys (ENS) was upgraded by Mizuho from a “Neutral” rating to a “Buy” rating.

ZHONGPIN INC. (HOGS) was upgraded by Global Hunter Securities from a “Reduce” rating to a “Neutral” rating.

Oasis Petroleum Inc. (OAS) was upgraded by CapitalOne Southcoast from a “Neutral” rating to a “Buy” rating.

Rosetta Resources Inc. (ROSE) was upgraded by Imperial Capital to an “Outperform” rating. They have a price target of $60.00 on the company.

Vertex Pharmaceuticals (VRTX) was upgraded by Morgan Stanley (NYSE:MS) from an “Underweight” rating to an “Equal Weight” rating. They have a price target of $32.00 on the company.

Cisco (CSCO) Price Target Boosted

Cisco Systems, Inc. had its price target raised by Jefferies (NYSE:JEF) to $18.00.

Cisco Systems, Inc. (NASDAQ: CSCO) had its price target raised by numerous analysts.

Cisco Systems, Inc. (CSCO) had its price target raised by Morgan Keegan to $25.00.

Cisco Systems, Inc. had its price target raised by Piper Jaffray (NYSE:PJC) to $20.00.

Cisco Systems, Inc. had its price target raised by FBN Securities to $25.00. They have an “Outperform” rating on the company.

Cisco Systems, Inc. had its price target raised by Goldman Sachs (NYSE:GS) to $22.00.

Cisco Systems, Inc. had its price target raised by ISI Group from $20.00 to $22.00. They have a “Buy” rating on the company.

Cisco Systems, Inc. had its price target raised by Wunderlich from $20.00 to $22.00. They have a “Buy” rating on the company.

Cisco (CSCO) (CREE) (VMC) (CRIS) (CY) (DF) Ratings Reiterated

Cisco Systems, Inc. (NASDAQ: CSCO), Cree, Inc. (NASDAQ: CREE), Vulcan Materials Company (NYSE: VMC), Curis, Inc. (NASDAQ: CRIS), Cypress Semi (NYSE: CY) and Dean Foods Co (NYSE: DF) had ratings on them reiterated by analysts.

Bank of America (NYSE:BAC) reiterated its "Buy" rating on Cisco Systems, Inc. (CSCO). They have a price target of $22.00 on the company.

Morgan Keegan reiterated its "Overweight" rating on Cree, Inc. (CREE).

Jefferies (NYSE:JEF) reiterated its "Buy" rating on Vulcan Materials Company (VMC). They have a price target of $49.00 on the company.

Rodman & Renshaw reiterated its "Outperform" rating on Curis, Inc. (CRIS). They have a price target of $6.00 on the company.

JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Underweight" rating on Cypress Semi (CY). They have a price target of $10.00 on the company.

Bank of America reiterated its "Buy" rating on Dean Foods Co. (DF).

Tuesday, November 8, 2011

Cisco (CSCO) (CRME) (CRTX) (TDW) (DTV) (FAST) Price Targets Changed

Cisco Systems, Inc. (NASDAQ: CSCO), Cardiome Pharma Corp. (NASDAQ: CRME), Cornerstone Therapeutics, Inc. (NASDAQ: CRTX), Tidewater Inc. (NYSE: TDW), DirecTV (NYSE: DTV) and Fastenal (NASDAQ: FAST) had price targets on them adjusted by analysts.

Cisco Systems, Inc. (CSCO) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $18.00.

Cardiome Pharma Corp. (CRME) had its price target lowered by RBC Capital from $9.00 to $6.00. They have an “Outperform” rating on the company.

Cornerstone Therapeutics, Inc. (CRTX) had its price target lowered by Ladenburg Thalmann to $12.00.

Tidewater Inc. (TDW) had its price target lowered by Howard Weil from $68.00 to $60.00. They have an “Outperform” rating on the company.

DirecTV (DTV) had its price target raised by Wunderlich to $60.00.

Fastenal (FAST) had its price target raised by Piper Jaffray (NYSE:PJC) to $40.00.

Wednesday, November 2, 2011

Cisco (CSCO) (HMY) (CVI) (DK) (GOL) (HFC) Get New Coverage

Cisco Systems, Inc. (NASDAQ: CSCO), Harmony Gold Mining (NYSE: HMY), CVR Energy, Inc. (NYSE: CVI), Delek US Holding Inc. (NYSE: DK), Gol Linhas Aereas Inteligentes SA (NYSE: GOL) and HollyFrontier (NYSE: HFC) getting new coverage from analysts.

MKM Partners initiated coverage on Cisco Systems, Inc. (CSCO). They placed a “Buy” rating and a price target of $25.00 on the company.

Deutsche Bank (NYSE:DB) initiated coverage on Harmony Gold Mining (HMY). They placed a “Buy” rating on the company.

Global Hunter Securities initiated coverage on CVR Energy, Inc. (CVI). They placed a “Buy” rating and a price target of $38.00 on the company.

Global Hunter Securities initiated coverage on Delek US Holding Inc. (DK). They placed a “Buy” rating and a price target of $20.00 on the company.

Barclays Capital initiated coverage on Gol Linhas Aereas Inteligentes SA (GOL). They placed an “Overweight” rating on the company.

Global Hunter Securities initiated coverage on HollyFrontier (HFC). They placed a “Buy” rating and a price target of $48.00 on the company.

Monday, October 17, 2011

Cisco (CSCO) (BTE) (CELG) (CLC) (CPO) (DCI) Get New Coverage

Cisco Systems, Inc. (NASDAQ: CSCO), Baytex Energy Corp. (NYSE: BTE), Celgene (NASDAQ: CELG), CLARCOR Inc. (NYSE: CLC), Corn Products International, Inc. (NYSE: CPO) and Donaldson Company, Inc. (NYSE: DCI) getting new coverage from analysts.

ISI Group initiated coverage on Cisco Systems, Inc. (CSCO). They placed a “Buy” rating and a price target of $20.00 on the company.

RBC Capital initiated coverage on Baytex Energy Corp. (BTE). They placed an “Outperform” rating and a price target of $55.00 on the company.

Rodman & Renshaw initiated coverage on Celgene (CELG). They placed an “Outperform” rating and a price target of $105.00 on the company.

Stifel Nicolaus initiated coverage on CLARCOR Inc. (CLC). They placed a “Hold” rating on the company.

Goldman Sachs (NYSE:GS) initiated coverage on Corn Products International, Inc. (CPO). They placed a “Neutral” rating and a price target of $50.00 on the company.

Stifel Nicolaus initiated coverage on Donaldson Company, Inc. (DCI). They placed a “Hold” rating on the company.

Friday, October 14, 2011

Cisco (CSCO) (RKT) (DHR) (SBUX) (CSTR) (SCHN) Price Targets Changed

Cisco Systems, Inc. (NASDAQ: CSCO), Rock-Tenn Company (NYSE: RKT), Danaher Co. (NYSE: DHR), Starbucks (NASDAQ: SBUX), Coinstar (NASDAQ: CSTR) and Schnitzer Steel (NASDAQ: SCHN) had price targets on them adjusted by analysts.

Cisco Systems, Inc. (CSCO) had its price target raised by Oppenheimer from $18.00 to $20.00. They have an “Outperform” rating on the company.

Rock-Tenn Company (RKT) had its price target lowered by Longbow Research from $80.00 to $73.00. They have a “Buy” rating on the company.

Danaher Co. (DHR) had its price target lowered by Longbow Research from $60.00 to $52.00. They have a “Buy” rating on the company.

Starbucks (SBUX) had its price target raised by Piper Jaffray (NYSE:PJC) to $55.00.

Coinstar (CSTR) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $50.00.

Schnitzer Steel (SCHN) had its price target lowered by Canaccord Genuity from $80.00 to $60.00. They have a “Buy” rating on the company.

Friday, September 30, 2011

Are Intel (INTC) (MSFT) (HPQ) (DELL) (NOK) (RIMM) (CSCO) Tech Dinosaurs?

According to Berenberg Bank analyst Adnaan Ahmad, tech giants like Cisco Systems (CSCO), Intel (INTC), Microsoft (MSFT), Nokia (NOK), Hewlett Packard (HPQ), Dell (DELL) and Research in Motion (RIMM) may be the next dinosaurs of the tech world.

Ahmad said, “Intel, Microsoft (MSFT), Hewlett Packard (HPQ), Dell (DELL), Nokia (NOK), Research in Motion (RIMM) and Cisco Systems (CSCO) et al could face the same plight as the tech dinosaurs (née titans) of yester-year.”

He wasn't completely negative on the sector, noting the turnarounds by IBM (IBM) and Apple (AAPL), which faced similar problems in the past.

Especially worrisome for Ahmad were RIM, Intel and Dell, which he says RIM and Intel are in denial or Dell has no idea where it's going.

On why some of these tech companies have been able to survive against past failures, Ahmad said this:

My take is that the tremendous cash balances and cash flows of these companies have allowed them to survive in ways that DEC and Tandy, and Commodore and Data General and Wang Labs could not. Also, the rise of leverage in the last two years has allowed them to merge and acquire, and thereby morph, in ways never dreamed of when tech companies were primarily driven by a single product or product family.
I also think Nokia is making the right decisions, and even though they're going through a tough transitional stage, lowering costs and commiting to Microsoft's platform for their smartphone should make them a much stronger competitor. A strong balance sheet has helped them navigate through the choppy waters as well. The question is execution for them, and if they can, the stock could take off again. It appears investors are ready to push it up once they start releasing new smartphones into the market.

Some failures Ahmed pointed out were Sun, Yahoo (YHOO), Lotus, Polaroid and Kodak (EK).

Monday, September 12, 2011

Cisco (CSCO) (ETP) (PAA) (PSO) (RPM) Upgraded

Cisco Systems, Inc. (NASDAQ: CSCO), Energy Transfer (NYSE: ETP), Plains All American (NYSE: PAA), Pearson PLC (NYSE: PSO) and RPM International Inc. (NYSE: RPM) were upgraded by analysts.

Cisco Systems, Inc. (CSCO) was upgraded by RBC Capital from an “Underperform” rating to a “Sector Perform” rating. They have a price target of $17.00 on the company, up from $14.00.

Energy Transfer (ETP) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of$54.00 on the company, up from $53.00.

Plains All American (PAA) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $73.00 on the company, up from $69.00.

Pearson PLC (PSO) was upgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Buy” rating.

RPM International Inc. (RPM) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating.

Friday, August 26, 2011

Tech (CSCO) (INTC) (MSFT) Leading Markets Up

Tech is leading a rebound in the market today, with Cisco Systems(NASDAQ:CSCO), Intel (NASDAQ: INTC) and Microsoft (NASDAQ:MSFT) topping the field.

Much of this is in response to Federal Reserve Chairman's Ben Bernanke saying at the next Fed meeting there will be discussion of more so-called "stimulus" measures in September.

Bernanke said, "In addition to refining our forward guidance, the Federal Reserve has a range of tools that could be used to provide additional monetary stimulus. We discussed the relative merits and costs of such tools at our August meeting. We will continue to consider those and other pertinent issues, including of course economic and financial developments, at our meeting in September, which has been scheduled for two days (the 20th and the 21st) instead of one to allow a fuller discussion. The Committee will continue to assess the economic outlook in light of incoming information and is prepared to employ its tools as appropriate to promote a stronger economic recovery in a context of price stability."

Intel was trading at $19.79, up $0.37, or 1.91, as of 12:00 PM EDT. Cisco was at $15.47, jumping $0.39, or 2.55 percent. Microsoft was at $25.25, climbing $0.68, or 2.77 percent.