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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 82.60+2.4%9:42 AM EST

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To: The Phoenix who wrote (46222)1/6/2001 7:23:28 PM
From: Paul Reuben   of 77400
 
Oh geesh, now even "Time Magazine's" making stock picks!

There are plenty of stocks that still carry obscenely high prices relative to their expected earnings. Internet infrastructure kingpin Cisco Systems, for example, has seen its share price cut by more than half over the past year, to $38, but it still carries a forward P/E ratio of 47 vs. a 21 P/E ratio for the overall market. Yet Cisco's earnings this year are expected to grow by only 28%. There are far more attractively priced tech stocks: for example, Dell, expected to grow earnings at 21% and selling at a P/E of 16, or WorldCom, which has hit a few bumps but is still averaging long-term growth of 26% a year and selling at a P/E of 12.

Ummm, WCOM hit more than a "few bumps" last year. What a joke!

time.com
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