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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 9:30 AM EST

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To: Tulvio Durand who wrote (37922)	6/25/2000 1:14:00 PM
From: Jorj X Mckie	Read Replies (1) of 77400

Fleckenstein's question is an important one. I am surprised he doesn't try to evaluate it objectively instead of lobbing it up as pure FUD. Personally, I don't think that there is any doubt that many dotcoms will fail in the coming months and years. However, there will be a net increase in the number of transactions and business that occurs on the internet regardless of those dotcom failures. The surviving dotcoms would just absorb the business of the failed dotcoms and their (the successful businesses) will gain the incremental growth. If Amazon fails, it will require barnes&noble or whatever online retailer to grow their infrastructure to meet the increased demands. I think that Fleckenstein's FUD is pretty empty. JXM

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