The stock has nearly doubled this year. Like Lucent and Sun, you would not have wanted to miss the boat on Cisco. Cisco is coming out with a new wireless technology, perhaps as soon as next fall. The new technology is meant to be a non-mobile, or fixed, wireless alternative to DSL and cable modem. MMDS stands for multichannel multipoint distribution services.
Cisco remains a buy.
Merrill has brought in John McKinley, Jr. from GE Capital, where he was chief technology officer. While at GE Capital, McKinley launched 15 e-commerce initiatives and oversaw the firm s venture fund. I think Merrill, with McKinley s help, is up to the task of prospering in the digital age. Continue to buy Merrill in your core portfolio. To join Paul Allen as he builds his digital empire, add either RCNC or CHTR to your aggressive portfolio.