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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.46+0.5%12:16 PM EST

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To: The Phoenix who wrote (36157)5/22/2000 9:22:00 PM
From: lawdog  Read Replies (1) of 77400
 
P/E of 50 is not unusual (neither is 33):

FROM S&P

year 99 98 97 96 95 94 93 92 91 90
P/E Ratio - High NM NM 60 50 60 34 45 58 40 45
- Low 72 41 30 23 21 16 25 24 14 18

You can see the bubble forming in the upward trending "Low" P/E.
30 to 41 to 72 to infinity and beyond!!!!
Don't forget the lessons of 1997 and ratio compression either. Expected 'e' is not a static number, nor is growth rate.
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