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Technology Stocks : IBM
IBM 309.24-0.5%Dec 12 9:30 AM EST
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To: Scott Bergquist who wrote (7615)4/11/2002 7:58:10 PM
From: smchan  Read Replies (2) of 8218
 
With 7+ billion shares in the float after a flurry of split after split, who knows how much potential dilution due to employee stock options, and negative EPS, CSCO is no IBM. I fully expected CSCO to get the haircut they had as they are basically a one trick pony (routers) with a product that will likely become a commodity at some point in the (near?) future. Frankly, I think CSCO's arrogance in both their stock performance and their technical abilities got the best of them.

Sam
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