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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.87-0.1%Jan 9 9:30 AM EST

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To: uu who wrote (48473)2/8/2001 12:15:22 AM
From: SouthFloridaGuy   of 77400
 
To:Tom Toxby who wrote (48246)
From: Dipy Wednesday, Feb 7, 2001 1:18 PM
Respond to of 48473

When the market bottoms out, CSCO might be a good investment... IF it can manage to retain its marketing geniuses. It might make a good investment at 1.5 to 2 times the PE of S&P 500. If the market bottoms out at a PE of 16, and CSCO's earnings are about 0.4, then the range at which to buy CSCO would be just under 9 to about 13.
So, yes, I think it has a long way to go (down) even from here. Those who are emotionally attached to the stock would be totally shocked when this one declines another 50% or 60% or more from its current levels. Usually, that is when the long-time fans bail out (at or near the bottom) and that is when the stocks return to the rightful owners.
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