STOCKCHASE

(Top Pick Feb 17/11, Up 10.95%) Looks like they are back on track. Little bit of dividend yield. Large cap tech is a great place to be.

2012-02-09

BUY

20.430

Lorne Steinberg

His largest position. Started buying at $18.80. Loves that a third is in cash. Made a few mistakes in the last few years, but brilliant run company and got out of businesses, recognizing errors in their ways. Tones of room to raise dividends.

2012-02-08

WEAK BUY

19.800

Short term still going to be plagued with fact that lots of customers are government. Europe earnings slowdown expected. Doesn’t know if there is that much growth to justify a big commitment. Multiple is very attractive here. Would prefer other stocks with a higher multiple but lots more growth ahead of them.

2012-02-02

BUY

19.645

David Baskin

The amount of bandwidth that everyone is using requires all the companies in this space to make their networks more robust. This is great for this company. Expect the stock will be in the mid-$20 or even $30 in the next year.

2012-01-31

TOP PICK

19.830

Regaining market share. Broken above the 200 day moving average at couple of months ago and the 50 day is now above the 200 day, which is a very solid signal. Trading at around 11X forward earnings with a 9%-10% long term growth rate. There will continue to be growth in net work traffic and band width usage.

2012-01-26

PAST TOP PICK

19.540

Paul Gardner, CFA

(A Top Pick Jan 18/11. Down 6.37%.) So the last year when he saw the softness in their earnings. Trading at 11X earnings. Tech companies have proven that they have stable earnings so he expects they will start to outperform.

2012-01-18

PAST TOP PICK

19.150

(Top Pick Jan 19/11, Down 7.08%) Nice recovery. Would continue to buy

2012-01-12

DON'T BUY

19.070

Owned in the past. Sold on a series of disappointing reports. Then they beat much lower expectations and the stock bounced. Doesn’t think this was warranted. Wait for them to get back to their previous growth rate.

2012-01-11

TOP PICK

18.850

Bill Carrigan

This is a critical stock for the global technology story. Using a mean of $20, they have spent the last 10 years trying to get over $20, failing, trying to get over $20, failing. It has done this 3 times. If it gets above $20, because this is the 4th time, it should go much higher and take the entire sector with it.

2012-01-06

BUY

18.920

The dominant player in this space. Have been fighting some of the margin battles over the last while because competitors have come in and sold products at lower margins. If you are going to invest in techs, large-cap techs look the best. You had almost 12 years of multiple compression and earnings have continued to grow. Stock has been behaving well since early fall and be their most recent estimate by 10%. The only concern is that seasonally, as you get into January, techs stocks underperform a little but this is a good one to own.

2012-01-05

TOP PICK

18.990

(A TOP PICK Feb 17/11. Up 1.17%.) His model price is $24.18, which is a 30% positive differential. Low beta stock, which you are looking for in technology. You get the growth and a little bit of a dividend.

2012-01-04

Comment

17.920

Richard Croft

January $19 strike call. Safe bet? That's an aggressive trade. These options are in the middle in terms of costs. Thinks there is some resistance at around $19 so he would rather write a Put or do a covered call, in other words own the stock and Sell a Call against it.

2011-12-21

DON'T BUY

17.980

The high-level view of this company is that it is large which creates its own problems. Fairly mature in its field, which can be a disadvantage because of competition. Management talked about a 17%-18% revenue growth which they continue to fail to meet. Also having trouble internally with governments deferring expenses. Would probably look elsewhere in tech.

2011-12-14

TOP PICK

18.550

(A Top Pick Jan 5/11. Down 33.6%.) $24.08 is his model price, a 30% upside.

2011-12-02

DON'T BUY

17.405

Has become a show-me stock, but has yet to do it for him.

2011-11-23

PAST TOP PICK

18.000

(A Top Pick Nov 4/10. Down 24.61%.) A lot of value in this company. Thinks earnings are going to be $1.85, $5 a share net in cash.

2011-11-21

DON'T BUY

18.940

Jim Huang

Had a good quarter so would wait a while before getting into this. They're now getting back to focusing on their core business and cutting back on expenses. Competition continues to be very strong.

2011-11-14

SELL

17.540

Set top business is quite weak and they are quite large so are running into headwinds.

2011-10-24

BUY on WEAKNESS

17.550

Jeff Black

This one has been a bit of a roller coaster. Have made an awful lot of acquisitions over the years so there is a lot of goodwill on the balance sheet. Have some threats on their core business, but he thinks they will get through this. Doesn't see high-growth. Consider buying in the $15-$16 range and hopefully it can get back to the low $20's.

2011-10-14

HOLD

17.250

Ian Ainsworth

Not a growth stock anymore. Been facing margin pressure from competition across all of its switches and even in the router and enterprise space, mainly Chinese. Has the ability to rejuvenate itself. Could Buy back shares.

2011-10-12

PAST TOP PICK

16.750

(A Top Pick Sept 23/10. Down 22.57%.) Sold his holdings from a risk management point of view. Great balance sheet. Great company but didn't seem to be able to execute well.

2011-10-06

PAST TOP PICK

15.330

(Top pick Aug 10/10, Down 37.01%) He sold in January. It became obvious that management could not grow the company as they predicted.

2011-09-22

Comment

16.330

Multiple has contracted to about 9X forward earnings and have reset their earnings and revenue growth targets to more realistic levels. Experiencing more competition in their router space. Their big end markets are governments and telecom carriers, which are both showing weakness. Expects the stock has bottomed and longer-term demand for products could improve. Have a lot of cash.

2011-09-14

PAST TOP PICK

16.330

(A Top Pick Sept 2/10. Down 19.61%.) Reforecast earnings at 5%-7%. Could show double-digit earnings growth over the next 3 years. Trading at 10X earnings and has a lot of cash. Still a Buy.

2011-09-14

BUY

16.350

Mike S. Newton, CIM FCSI

A lot of the treats never really transpired. Down 45% from high, 20% this year. Pretty decent entry point right here. Use a stop loss.

2011-09-13

PAST TOP PICK

15.410

(A Top Pick Sept 23/10. Down 25.98%.) Sold his holdings. Financials are very good but it broke down from a technical level for him.

2011-09-02

PAST TOP PICK

15.920

(A Top Pick Aug 10/10. Down 33.45%.) Sold his holdings at around $19.50.

2011-08-11

BUY

15.920

US technology companies are having real problems. Trading at very cheap valuations. Perfect balance sheets and rising dividends but no one wants to buy them. If you think smart phones and tablets and a proliferation of broadband is going to happen, this is a space you want to be in.

2011-08-11

DON'T BUY

15.460

Recently cited weakness at the state and local government level, which is their end market. There is an increase in competition.

2011-08-02

SELL

16.010

Sold his holdings in the $17-$18 range. Had 3 quarters in succession where they disappointed. Tried to point to macro issues, but it was really a management issue.

2011-07-28

Comment

15.690

Norman Levine

Just sold the rest of his stocks today. Can see the business doing well in the near-term.

2011-07-27

Comment

16.280

John Zechner

Earnings growth is really slowing down, but on a valuation basis it is looking as cheap as it ever has. Growth curve has come down an awful lot. Cloud computing is leaving them behind. They are restructuring. Doesn't feel there is very much downside in this stock but could continue to be dead money for a period of time. There are better names.

2011-07-25

PAST TOP PICK

15.590

(A Top Pick Jan 19/11. Down 25.34%.) Still likes. Very cheap.

2011-07-15

TOP PICK

15.430

Lorne Steinberg

$85 billion market cap and $25 billion in net cash. #1 globally in all its major businesses, which are growth businesses. Stumbled badly when they got into a lot of consumer businesses. In the process of extracting themselves from these businesses. Expect the stock will be double in the next 3 years.

2011-07-14

Comment

15.900

This company will come back, but not very soon. It's a big ship that has to be turned around. Sold his holdings after the last earnings release. Too many quarters in a row of problems in different segments of the company.

2011-07-07

PAST TOP PICK

15.360

(Top Pick Jun 24/10, Down 32.15%) He sold at $16 or $17. He found they kept on missing earnings numbers and growth prospects were disappearing. He miss-read that it was really an enterprise company.

2011-06-23

DON'T BUY

15.360

Trading at a cheap valuation at 9.5X forward earnings. Chart shows a series of lower highs and lower lows. Expect they are losing market share as well.

2011-06-22

DON'T BUY

15.140

Computer rotors and switches. Have not done very well. A lot of competition and they are losing share. Margins are going down. Have seen weakness in the state level spending in the US and they don't see this recovering soon. Cloud computing will be positive for them in the long term.

2011-06-20

PAST TOP PICK

15.060

(A Top Pick Apr 29/10. Down 44.55%.) Sold at just under $20 in February.

2011-06-13

SELL

15.060

Sell this and move into Intel (INTC-Q) or Microsoft (MSFT-Q) or hold? Going to companies with strong balance sheets, lots of cash and no debt is a good tactic. Intel is a good choice.

2011-06-13

BUY on WEAKNESS

15.310

Model Price $23.82, 56% upside potential. It is in his top 10 since March. Don’t be surprised to see it go to $13.70, and then buy more. There is pressure on management to do something.

2011-06-09

DON'T BUY

16.380

Reported negative earnings and revenue growth 3 quarters in a row. Exited his positions a couple of months ago. Not only are some of their issues cyclical, but are also structural. Losing market to others.

2011-06-01

BUY

16.270

At some point this stock will be like a coiled spring and it will rebound. Trading 10x earnings - 7x if you add back all the cash. If they broke up the company there would be a lot more value there.

2011-05-24

BUY on WEAKNESS

16.530

Gavin Graham

CEO, who is normally very optimistic, said sales outlook did not look great for this year, the stock got pummelled. A very profitable, successful company and is gushing cash and they are paying a 2% yield. It will be a survivor. Cheap.

2011-05-20

HOLD

16.930

Leader in the communications field. Cloud computing will be the next big thing. Just reported and had the 2nd quarter in a row with a disappointing outlook. Stock is being hit. She's considering buying more at this price. Well positioned. Talk of taking $1 billion out of the cost line, which will help. Market position is unassailable and they are well positioned for international growth. Stock won't do very much in the near term, but longer term, an excellent investment.

2011-05-12

DON'T BUY

16.930

Chart shows a series of lower lows and lower highs. Just forecast some numbers below expectations. Trades at around 10X earnings. Could get cheaper. Feels that Juniper (JNPR-N) is taking away a lot of their market share.

2011-05-12

Comment

17.780

Ara Nalbandian

CEO announced significant issues and the stock dropped. This was followed by a relief rally. Announced significant restructuring, which is what the market is waiting for, Hedged his positions for a 5% decline so he is partially protected.

2011-05-11

TOP PICK

17.560

Beaten up. Everyone hates the name, which is why he loves it. His model price is $26.46, a 51% upside. Likes large cap tech and is overweight in this sector. Starting to pay a 1.4% dividend.

2011-05-06

WEAK BUY

17.410

He is underwater on this. Another story on US technology. The techs are not doing well evening with all the cash on their books. If you buy and sit on it for a year or two you will do well. CSCO is not sitting on their hands. Cash flow is growing and they raised the dividend.

2011-05-03

DON'T BUY

17.190

Still owns, but has lightened up his position. Disappointed for about 3 quarters in a row. Left behind the targets of 12% to 17% revenue growth. Company is re-organizing internally. Has some potential but has some work to do.

2011-04-27

WAIT

17.330

Has not stepped into it yet but it is always on her watch list. They have a dominant share in switches and routers. Any area that they try to expand in will likely see reduced margins. There’s increasing competitive level. She has stepped aside and see how things evolve.

2011-03-30

TOP PICK

17.360

Value play, $5 per share in cash. Great franchise. Stock at these levels is very cheap. 10 times earnings. Great opportunity to buy a great global franchise when it is cheap.

2011-03-24

TOP PICK

17.580

$26.31, 50% upside. They announced a dividend policy. 1.4% yield. Large cap techs are a great place to be for a value manager.

2011-03-23

BUY

17.450

David Baskin

A mountain of cash. Just declared first dividend about 1%, which they can increase. 9 times earnings, which is cheap. He is buying it for new clients. A lot of money will be spent on routers and switches for the Internet and CSCO will get at least its fair share.

2011-03-22

DON'T BUY

17.140

Don Vialoux

First ever dividend announced to day. Would love to give a positive comment but he can’t do it. Not showing a sign of bottoming. It only bounced back a couple of pennies today. Seasonally you want to stay away from tech stocks until the beginning of October.

2011-03-18

DON'T BUY

17.000

Chart tells it all. Lower lows and lower highs. Juniper’s market share has grown market share quarter over quarter. He would say there are other names out there to look at.

2011-03-17

BUY

17.050

52 week low today. He lightened up on it a week and a half ago. They disappointed the street 3 times in a row. Earnings aren’t growing very quickly.

2011-03-16

HOLD

17.390

Don Reed

Since 1993 did 120 acquisitions. They know how to do it. He is happy to hold it.

2011-03-15

DON'T BUY

17.850

Brendan Caldwell

He held it for a long time. It should have been positioned to participate, but look at how all the tech stocks have done. If it hasn’t run during this big tech stock rally, when it IS going to rally. He would prefer to own companies that CSCO might want to take out – the second tier tech stocks.

2011-03-14

DON'T BUY

18.560

This is a great bull market in networking stocks and this company is not participating. Built their business when they had tremendous pricing power because of their dominance. Since then there have been a lot of companies that have come up with very competent products and willing to sell them at much lower margins. Also their government contracts are being squeezed.

2011-03-01

DON'T BUY

18.560

Brooke Thackray

Had a big correction last spring, followed by 3 misses on earnings. CEO has stated that he doesn’t see good things and the stock corrected, then rallied back up again. Trailing 12 month multiple is 13.8% versus the S&P 500 of 15.5%. Attractive, but the margins are going down from 63.3% to 62% because of more competition. Prefers Technology stocks from October into January.

2011-02-28

DON'T BUY

18.360

Mike Lyons CA, CFA

Instead of paying dividends they continue to buy back stock, which destroys shareholder value. Not sure management runs the business for the benefit of shareholders.

2011-02-24

DON'T BUY

18.400

Sell and switch to Uni-Select (UNS-T)? Sold his holdings when the last quarter came out. Struggling to grow materially. Could be a trading rally in the near term but the median outlook is not great. Also sold his Uni-Select holdings which has good Cdn operations but troubled US operations.

2011-02-23

TOP PICK

18.400

Paul Gardner, CFA

Margins have slipped a bit and they have stated they are not growing as fast but is trading at 8 to 9 times earnings. Have about $6 cash on the balance sheet. High margins. Will lose market share but have the ability to pass along earnings growth and will probably have dividend increases.

2011-02-23

TOP PICK

18.680

Had bought at the first of January and sold at the end of January. Their earnings knocked the stuffing out of the stock. Expects it will be back in his portfolio at the end of February. Will be starting to pay a dividend soon. Looking for a 50% upside.

2011-02-17

DON'T BUY

18.810

Just reported earnings. Margins are going down. Have a dominant position in the routing and networking space with high growth margins. Now being attacked on the high end by Juniper (JNPR-N) and on the lower end by Hewlett-Packard (HPQ-N).

2011-02-14

SELL

18.700

Karl Berger

Just sold out his position for some of his clients. Disappointed with the guidance and results in the last couple of quarters. Better places for your money.

2011-02-11

WAIT

21.620

Last earnings report was a little disappointing. Government spending had been deferred because of state budget difficulties. Also hasn’t been as much household formation. Reporting Feb 9 and he’ll be watching very closely.

2011-02-02

DON'T BUY

21.150

Mike S. Newton, CIM FCSI

There are more interesting, faster growing companies available.

2011-01-31

Comment

21.420

Norman Levine

He is considering Buying this stock. Reported good earnings, but warned on a poorer outlook because of government contracts. Waiting to see what kind of results Juniper (JNPR-N) comes out with as a comparison. Reasonable Buy for a long-term investor but won’t run away on you.

2011-01-26

TOP PICK

20.770

There has been out-performance by small and mid-cap stocks and large-caps are trading at a discount. This one has had 2 disappointing quarters yet the numbers continue to be attractive in terms of growth rate. Trading at well below market multiple. Still has earnings growth. Well managed.

2011-01-20

BUY

20.820

John Zechner

Not the dominant company they were and the router business is going through some changes and some slowdown but they’re still well positioned in the industry. There’s a pickup in corporate sales and still getting some carrier sales. Migrating fairly well into the wireless router business. He’s recently added to his holdings.

2011-01-19

BUY

20.820

Ara Nalbandian

Earnings report a couple of months ago was quite a negative surprise to the investment community so he took this opportunity to accumulate more. Net of cash, forward earnings form a multiple of 10 times. The company has intentions to be more full service enterprise wide.

2011-01-19

TOP PICK

21.215

Paul Gardner, CFA

Cheap valuation. $30 billion on the books. Grow a little slower but it is a premium company. Well run. Global growth. Expecting it to turn into a dividend play in the next 6-9 months.

2011-01-18

PAST TOP PICK

21.210

Mark Grammer

(A Top Pick March 4/10. Down 1499%.) Businesses they compete with are growing strongly. Start-up companies are growing incrementally, which hurts their growth rate. Also finding some difficulty with government contracts. Monitoring his holdings pretty closely because of his concerns.

2011-01-17

Comment

21.120

Will be announcing earnings on Feb 9th.and if the numbers are not good, he may trade it out of his portfolio. Has been a disappointment for him. Very disappointing guidance in the last quarter.

2011-01-12

HOLD

20.790

Ian Ainsworth

On the rebound. Starting to Grow again. A reasonable hold here. He thinks this quarter wont be that disappointing again. Cloud computing will put a damper on CSCO.

2011-01-10

TOP PICK

20.770

Model price of $28.62, a 40% positive differential. A quality name. Announced they will be paying a dividend.

2011-01-05

PAST TOP PICK

20.520

Jeff Parent B. Eng. FCSI

(A Top Pick Jan 15/10. Down 16.31%.)

2011-01-04

WEAK BUY

20.230

Jim Huang

Had some setbacks because business was not growing as fast.

2010-12-30

Comment

20.250

Norman Levine

Starting to look at this one. Premier company in technology selling at bargain rates. Leaning towards possibly buying but hasn’t decided whether it’s a forecast of things to come or a cheap stock.

2010-12-29

STRONG BUY

19.690

Fell about 7%-8% on its numbers, mainly because of their guidance going forward. Expecting good growth in technology over the next several years. Made some very strong acquisitions. Screaming Buy at these levels.

2010-12-23

PAST TOP PICK

19.470

(A Top Pick Jan 13/10. Down 20.7%.) Disappointing earnings release. Long term revenue expected to grow 12%-17% but 2011 will be lower, 9% to 12%. Still likes.

2010-12-15

DON'T BUY

19.580

Networking is a space you want to look at because companies are spending. The trouble with this one is that they have a lot of government type business, which has constrained spending. Just reported a very poor quarter so estimates have dropped. Would prefer more pure plays such as Riverbed (RVBD-Q) or Aruba Networks (ARUN-Q).

2010-12-13

DON'T BUY

19.700

Don Vialoux

Whereas most tech stocks are in an upward trend, this one is trending down and is not following seasonal patterns.

2010-12-10

BUY

19.390

His view has not changed. They are the network provider for smart phones. All the US tech stocks are dirt-cheap. You have to be patient with this one. They had poor government contracts last quarter.

2010-12-07

BUY

19.220

Terry Shaunessy

Whole technology space will do well. Got hit too hard when they announced that growth wouldn’t be as strong as it was. You can Buy this directly or through the ETF on technology (XLK-N).

2010-12-02

DON'T BUY

19.440

Had a correction when they reported a recent quarter and management commented on a strong pull back in spending from state governments. Expect it to be soft for the next few quarters. Starting to look attractive but the areas they have to grow into have lower margins. Prefers Hewlett-Packard (HPQ-N).

2010-11-29

PAST TOP PICK

19.460

Hap (Robert) Sneddon FCSI

(A Top Pick Dec 10/09. Down 19%.) Got creamed by its outlook. Good price and he likes it here. 39% of its market value is in cash.

2010-11-25

DON'T BUY

19.610

Had disappointing earnings. Focuses on a lot of government. Downtrend has formed a channel. Could go down to $14, which is the next support.

2010-11-19

Comment

19.610

Karl Berger

Had bad news last week so he has a concern about what they are doing going forward. About 20% of sales are to different US governments where spending will be constrained. He’ll be holding until he sees if this is an industry wide issue or not.

2010-11-19

DON'T BUY

19.610

Ranks low in his US universe screen. Relatively negative outlook going forward. Has moved below all the support levels.

2010-11-18

TOP PICK

19.950

Reported disappointing earnings last week. Miss didn’t come from enterprise ventures, but from government spending and on the consumer cable TV side. Risk/reward at this price is very good.

2010-11-15

Comment

24.490

Just reported very disappointing results. Guided down on the back of the US domestic market, specifically consumer and government sector.

2010-11-10

TOP PICK

24.210

Everyone is saying Tech space is great, but CSCO came out and disagreed and it hit the stock price. Smart phones use 40 times the amount of data as a regular phone so telcos have to buy more equipment. Don’t bet on the horse, bet on the racetrack. Tech stocks have never been cheaper.

2010-11-04

BUY

23.395

Ian Ainsworth

Capital spending since the tech bubble has really lagged depreciation. The installed base of routers and switches will have to be refreshed. Still growing at 8-10% per year.

2010-10-26

TOP PICK

23.260

Great company, 7-8$ cash. Competitors are disappearing. Great products for enterprise and small business as well as telco. A 12x earnings is a reasonable multiple. Good margins. They will continue to do well.

2010-10-21

PAST TOP PICK

23.070

(A Top Pick Oct 21/09. Down 4%.) Didn't go as expected despite an increase in earnings year-over-year. Great global presence. Cheap at 13X earnings and looking at 17%-20% earnings growth down the road. Still a Buy.

2010-10-14

DON'T BUY

22.480

Jeff Parent B. Eng. FCSI

They have a lot of competition. It’s starting to recover after Aug earnings release. It will have a lot of trouble getting above $25.

2010-10-08

DON'T BUY

21.863