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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.11+0.9%Nov 21 9:30 AM EST

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To: Eric who wrote (27277)8/9/1999 6:44:00 PM
From: John F.  Read Replies (1) of 77400
 
History schools us to expect Cisco to nail their number (not to beat the
consensus estimate). This is because Cisco does such a fine job of guiding analysts.

If Cisco beats the estimates, I will be very surprised. If they come in on target as usual, fine.
It really does not matter. In any event, if the stock drops, you may be seeing the last good
buying opportunity for some time. This no news is good enough mentality will come to an end.
We are already down 11%, just about half of the drop we had last year. I do not think it is too
likely that we will get the kind of buying opportunity we had last year.

Most economists think the August interest rate increase by the FED will be the last
until February. It will not be long until everyone starts scooping up tech stocks.
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