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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: Frank Ellis Morris who wrote (33457)	4/5/2000 2:43:00 PM
From: Mike 2.0	Read Replies (3) of 77400

Republicans who try to hang the Nasdaq crash on Clinton, Gore and/or Reno are demonstrating a lack of market savvy. From Cory Johnson of thestreet.com - I can't put it any better: thestreet.com >>>Predictably and exhaustively, Limbaugh (who, I should disclose, like me, appears on San Francisco's KNBR 680 daily) devoted his show Tuesday to blaming the market action on a cabal of Bill Clinton-Al Gore-Janet Reno. His basic premise: the White House's persecution of Microsoft (MSFT:Nasdaq - news - boards) caused the market meltdown. Of course, Microsoft was off just 2.5%, a relative calm spot in today's sea of red. Absent from Limbaugh's discussion was the notion that outrageous tech-stock valuations had led to a tech-stock belt tightening. "This has got to be a problem for Al Gore," said Limbaugh. "How will he explain it?" No Clinton fan here, but a more savvy market watcher might expect Gore to brag that the Nasdaq is still up 569% since his January 1992 inauguration. Perhaps Rush should leave the market analysis to us; we'll leave Whitewater to him. <<<

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