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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: The Phoenix who wrote (42046)11/1/2000 12:53:06 PM
From: bambs  Read Replies (1) of 77400
 
what do you think of my post election sell off theory? I think the election has been viewed by bulls as a kind of safety net for the market. It seems me that people felt the market couldn't go down hard in front of the election...that big money would hold it up. I think after the election news like we had to day will be viewed for what it is and not shaken off. NT lowered guidance, WCOM falling apart...teleco's spending going to have zero growth? ATT, Sprint and WCOM all in trouble...Small clec's in rough shape...Financials in trouble with junk bonds and lower revenue from trading and ipo's etc. Semi's cycle looking awful going forward. Internets getting killed...retial slow down. I don't see much real positive news coming. I know everyone will call me a doom and gloomer but I am just being honest. That's what I am reading and seeing.
I used to love WCOM. Thought that it had a great future. Analysts told us of 40-50% growth for years to come. Now it's just a year and a bit later from where the hype hit it's peak and the revenue growth of is around 10% and looking terrible. ATT and Sprint aren't doing any better. Do you still really think that CSCO will grow at 30% earnings for years? 40-50% revenue growth? Is it just a year away from getting smashed too?

I hope I'm not just attacked for my post and insulted. I hope that some of you would like to comment on these points. including one more big one..."equity market closed for teleco".

Bambs
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