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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: Uncle Frank who wrote (38367)	7/16/2000 5:56:11 AM
From: JDN	Read Replies (2) of 77400

Dear Uncle Frank: I read these Doom and Gloomers but then I look at many small and mid cap stocks selling at what I believe are very low multiples (I know cause I own some of them unfortunately), and I wonder if its really true the market is so over valued?? I think about the new technology out and coming out in the near future (far more than anything I have ever seen in my 30plus years of investing) and I wonder how do you value something like that? I know there are and have been "pockets" of irrational exhuberism as AG would say, but am not sure the entire market should be damned in that statement. What do you think? JDN

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