Uh Cisco is up 20%+ this year...and had a stronger run from
middle of last year (than EMC)..it is a question of semantics, but I certainly would not consider Cisco a laggard, since it is beating the major benchmark index (NAZ)
EMC certainly had a great run from last September...but so did almost every big cap tech out there (Sun, Oracle, Cisco etc..)....and many players did much, much better, so that run was not so unique or specutacular...
Obviously, the performance before Feb. '99 was exemplary...unique...unrivaled...there would have been few (if any) better investment alternatives...
I own Cisco, but don't believe it has the capacity to double anymore either....certainly, that is a different statement that (what I would have made) in 1997,1998,1999....
There has been money pouring into the Naz over the past couple months...for the most part, it has not been going to EMC...when the current highflyers, leaders (JDSU, BRCM, etc) slow down....will those funds shift back to EMC?? Or find (another) high flyer.....or are these high-flyers for years to come...could it be that EMC is becoming (more) a high-growth value tech play...and less a go-go stock?
I'm not sure what long-term holders here expectations are.....if one is looking for 20%..that would seem to be fairly safe....but will EMC continue to appreciate 50% p.a??
Obviously, the relevance of my questioning changes depending on what sort of return one is seeking.... |
