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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 9:30 AM EST

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To: Dave who wrote (48395)	2/7/2001 1:53:34 PM
From: Dave	Read Replies (1) of 77400

Dave (I'm a different Dave, it's not the same guy responding to himself), From this on briefing.com, Cisco is using the slowing economy as an excuse. Do you think that's wrong? Clearly the economy is slowing, and clearly corporations did massive equipment upgrades to prepare for Y2K, spending record percentages of their revenue on IT infrastructure. It is inevitable that the combination of those two factors effect a nasty slowdown in CSCO's business. In my mind, what's unbelievable is that CSCO investors should be taken by surprise by this. The fact that their P/E is still absurdly high means to me that there are still people betting that CSCO's dismal guidance is unnecessarily pessimistic. Dave

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