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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 80.65+2.9%3:59 PM EST
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To: Techplayer who wrote (27189)8/3/1999 11:15:00 PM
From: Frank Sheridan  Read Replies (1) of 77400
 
I'm expecting weakness in the stock price over the short term. I predicted a while ago that eventually the internuts were going to implode, and when they did they would drag down CSCO with them. I also predicted that CSCO would then bounce right back once the investing community collectively figures out that CSCO makes a whole lot of money, while the rest of them are either making a little money, or more likely losing money hand over fist. I see no reason to change either of those predictions now, since they seem to be coming true.

Remember MKTW? God, what an implosion. Having negative earnings of about $2.50 a share doesn't do much for a company when people start worrying about value. Meanwhile CSCO keeps making money by the truckload. But CSCO is going to suffer a bit in the near term as the rest of the internuts implode like MKTW - or worse.

Of course, through all of this CSCO will still be making tons of boxes and shipping them by the boxcar load. Maybe the market is mature enough to figure that out before they pound CSCO for being associated with companies like MKTW and YHOO.

So, for all of you long term holders out there, my advice is to just hang on through the coming choppy waters. For you bargain hunters out there, I think you might find Christmas coming a little early for you this year. Keep your checkbooks handy and look for prices somewhere in the low fifties.

Again, this is all entirely IMHO. Happy investing.
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