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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.26+1.2%Jan 15 3:59 PM EST

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To: Howard Feinstein who wrote (34354)4/25/2000 1:40:00 PM
From: Uncle Frank  Read Replies (1) of 77400
 
>> the Street seems to be punishing everybody no matter what the earnings are! That is a very scary situation, seeing that CSCO has been beaten up pretty good already.

Cisco has only been "beat up" if you use a very short term baseline. In reality, it is up +18.7% ytd. As another respondent pointed out, predictability (low volatility) is one of the reasons the Street is willing to award Cisco such a high multiple. In addition, their predictability leads to extremely low premiums on their LEAPS, which are an excellent way to leverage their returns.

I think/hope Mr. Market will be over his bitchy stance by May, and will be in a mood to reward Cisco's consistency in earnings and (my guess) acceleration in top line growth.

jmho,
uf
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