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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.42+4.6%Nov 13 3:59 PM EST

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To: Zoltan! who wrote (32082)2/9/2000 11:58:00 AM
From: Paul Shread  Read Replies (1) of 77398
 
Add my name to the list of sellers at this price. It's been a great run -- 1,000%+ the last four years -- but the stock has reached the highest long-term valuation I can give it (100 times 7/01 earnings). Greatest company I've ever seen, and there's no way I would short it, it's just time to sell. For some perspective, I was last really bullish on the stock in Oct. 98, when it traded at what was now about $22. A comparable price today would be about $35-$40, so the risk-reward just isn't there anymore. Congratulations and best wishes to all.

Paul
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