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Technology Stocks : Compaq

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To: Loki who wrote (86127)10/25/2000 8:48:38 PM
From: Night Writer  Read Replies (1) of 97611
 
Loki,
CSCO did about $19 B in business last year and made a profit of $.36 a share. If they make a dime this qt the analysts will go wild about them. What an over priced POS. Sorry but I just don't get it when it comes to CSCO. They have so many shares out with a 130 PE that it is a licence to steal. Why did they issue so many shares? At this point, I think owning the stock is nothing more then a status symbol. ML better pray for great results Nov 6. A miss and that status symbol's drop will make today's action on NT look like a walk in the park. At a 40 PE, CSCO is worth $14.40. Good Lord! If you own it, sell it on the next rally and buy CPQ.<g>
NW
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