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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.39+1.3%Nov 19 3:59 PM EST

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To: Stock Farmer who wrote (44925)12/19/2000 2:04:07 PM
From: Eric  Read Replies (1) of 77400
 
John

I've kept a chart of Cisco since I first invested in it in the early 90's. Back in October of 99 I could see that Cisco was getting overpriced. This has happened a few times in the past with the company. By April my chart was looking for a value of about 48 for the company while the market was saying 82.

If I was a trader I probably would have bit at that price but I'm a long term investor who understands the growth prospects for the company. Back in 92 the company was a long shot to execute going forward. Not now. I would be willing to buy here just because of their record in execution and what I believe to be the size of their markets. Cisco's growth rate has acellerated the last two years which is pretty amazing for a company of it's size!

A lot of people jumped on this ship the last few years but I wonder just how many understood what the company is really doing and where the world is heading.

regards,

Eric
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