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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.72

-0.7%

Jan 7 3:59 PM EST

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To: James A. Shankland who wrote (25486)	5/12/1999 3:14:00 AM
From: Uncle Frank	of 77400

A thought provoking post, James; you have adopted a very moderate position, which is always wise. But imho your concern about valuations returning to historical p/e ratio levels doesn't seem to be warranted in the face of a liquidity driven market and the demographic megatrends. The huge cash inflow will peter out eventually, but I don't think this will occur by the end of Y2K. Today's report and the upcoming split should attract the MoMo crowd and I'm hoping for a price >75 immediately following the split. You should have ample opportunity to take some fine profits. Frank

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