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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.50

-0.2%

12:38 PM EST

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To: John Koligman who wrote (47413)	1/29/2001 1:43:00 PM
From: Tony Viola	Read Replies (2) of 77400

John, >I always smile when someone says 'a stock can't go to 10 unless there is a depression'. In 1983 I listened to IBM executives predicting 100 billion in sales before that decade was out. In 1993 IBM stock hit a split adjusted 10... That's apples and oranges as you know. IBM went into a period when they lost billion of dollars per quarter and laid off tens of thousands, if not a hundred thousand people. The mainframe was going off the cliff (but didn't quite), and Gerstner's predecessor (Akers?) didn't react soon enough to the new compute paradigms taking place. Do you see anything like this in Cisco's future? Tony

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