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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: Wyätt Gwyön who wrote (42215)	11/4/2000 1:15:39 PM
From: Eric	Read Replies (1) of 77399

You are correct that the market is always changing. The markets have had an incredible run in the 90's that is only pausing at this time. For every couple steps forward we have to take a step back from time to time. Technology is driving change. It sure seems to be scaring a lot of people. They want things to be the way they were. Just like the industrial age changed the standard of living for people this Internet age will change it even more. There are so many opportunities out there right now. As Uncle Frank points out time puts things into perspective. We have had a slowdown and retracement in the market. But an investor doesn't fixate on the "now" he's always looking toward the future and to me the future is looking brighter than ever. Just as the railroad speeded up the delivery of physical goods and people the telegraph speeded up the rate of information transfer around the world. The Internet takes that to a totally new level which we are only now beginning to comprehend. People with ideas are hooking up with other people who have ideas. That is going to create so many things that it just boggles the mind. When I started playing on the Internet in 1992 it hit me like a ton of bricks! This tornado of change has only just begun. So while we are having a "little" pullback right now, it is healthy for the market. New opportunities will spring out but more importantly Cisco will continue to lead the charge. JMHO! Eric

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