Doug,
Earnings growth is a factor of a large number of variables, like product depth, product cost, future products roll out that addresses future growth requirements, economic factors, how well a company is positioned in foreign markets around the world, a company's ability to finance future growth from internal cash flow, etc. etc.
Also, Cisco has more than 6 billion shares outstanding, equivalent to one share for every living person in this world. Can it grow at the same rate for ever. I do not think so. Lucent has a long way to go yet. I think Lucent may become a buy soon.
IMO, Nortel is best positioned for the future.
Regards, Lalit Jain |
