Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: Tony Viola who wrote (35421)	6/11/2000 7:57:00 PM
From: Proud_Infidel	Read Replies (1) of 70976

Tony, I just realized that I never addressed your post to me regarding CSCO. Although it is a top-tier tech company, it is not one I would buy today based upon valuations. Management is superb and their dominance in networking is not in question. However, it is currently trading at 84 times FY01(ended July) estimates. And I am using the current High estimate of 77 cents. This is well above their 60% YOY growth rate, and in a rising interest rate environment, the market is being generous in their valuation of CSCO IMHO. Great company, just not one I would buy, at the moment. Regards, Brian BTW, I had a position in CSCO but sold in about 2 years ago due to valuation.....so my advice probably is not worth much on this:-) If I had to do it over, I would never have sold, but at the same time, I would not consider buying at these levels either.

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