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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.50

-0.4%

3:44 PM EST

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To: larry who wrote (44600)	12/15/2000 1:18:12 PM
From: The Phoenix	Read Replies (2) of 77400

New accounting rule was tabled... there is no change. Second, I agree that CSCO is still valued at a premium. I also agree that investment gains tend to muddy the water when it comes to actual earnings... however you have to look at CSCO (and MSFT to some degree although I think the PC sector is in a world of hurt) a bit differently in that much of what would be investment gains is pumped into other vehicles for assuring continued market growth and new market penetration. If you don't understand these issue you don't have a full picture. OG

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