Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report rebounded to a 0.7% drop in late morning after falling as low as $34.75 when Credit Suisse First Boston cut its 2001 earnings estimate to 96 cents a share from 98 cents and cut its "admittedly aggressive" price target to $65 from $87. SG Cowen cut its price target for Cisco to $55 from $81 and lowered its 2001 and 2002 estimates as well. Cowen also said a slowdown at Cisco would hurt its major suppliers, including Broadcomundefined, which rose 4.5%, and PMC Sierra (PMCS) , which climbed 3.3%.

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