A couple of things, given my peabrain expertise in investing in stocks and knowledge of technology:
1) My guess is that rather than predicting the demise of Cisco, GG is predicting that some of its product lines will become technologically obsolete. I'm sure AT&T was a growth company at one time, but reached maturity, what, 50 years ago? Not out of business, but also not on the cutting edge with fiber. I would think Cisco will acquire the technology as they go along to keep up with the upstarts, but no longer an upstart themselves.
Cisco is near the top market cap, and it's going to be hard to sustain the growth of the past 10 years over the next 10 years. I'm looking for smaller companies with bigger growth potentials. Broadcom has been real nice to me the past 20 months. What's it going to be like in 10 years?
2) Can someone enlighten me on the fascination over WAVX? I see a company that has had sales jump from $17k to $77k and their losses jump 64% to $17.4 million. We're talking sales of $77,000, not $77,000,000. Or $77 billion. What gives?
FWIW - I bought 10 shares of Intel way back in 1987, right before the crash. $1k investment. But, alas, I had to make ends meet with the family and sold it. Had I been able to keep it, I'd have 480 shares today worth around $32k.
I was in on Microsoft, too. My $1k would be worth around $48k, but sold it, also. |
