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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 3:59 PM EST

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To: chic_hearne who wrote (40952)	10/17/2000 3:56:26 PM
From: Lizzie Tudor	Read Replies (3) of 77397

, we hit Naz 1500 before we hit Naz 5000. The last time the naz was 1500 there was almost no supply-chain or mfg automation to speak of. Software automation in business consisted of an excel spreadsheet and a bunch of reports from your erp (if you were lucky enough to have implemented an erp). When you wanted to buy a component for mfg you had to pick up a phone and call suppliers for price quotes. The past 4 years have seen sweeping improvements in software which really make manufacturing and distribution more efficient.... in order to do this we need the internet infrastructure. In order for the naz to go back to the levels you suggest it would mean no monetization of these innovations... possible but really far-fetched imo. The problem with some bears is they think the internet consists entirely of priceline and ebay. That stuff is just fluff compared to b2b automation.

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