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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.40-1.4%Jan 14 3:59 PM EST

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To: chojiro who wrote (48722)2/9/2001 5:20:35 PM
From: uu  Read Replies (3) of 77400
 
chojiro:

> I would guess though that Cisco will not be anywhere close to $90 in your time span

My target price is $65. I believe strongly this price can be reached within 2-3 years (if not sooner). For me that would be about 125% return (or an average of about 61% annually based on a 2 year return or about 40% annually based on a 3 year return). That is a rather impressive return for my money. Remember the good old concept og buying low and selling high. Sure you may not end up buying at the absolute low, but if you are happy with the price you paid for what you are buying what does it matter? At arond $190-$200 billion market cap I strongly believe CSCO is extremely undervalued given its business model and the power behind it. And yes, the market cap may go down further down but for me $200 billion is pretty cheap (others including you of course have the right to disagree)!

And I do disagree with you regarding these stocks not going up as fast as they come down. Had this not been CSCO I may have agreed with you. However CSCO is the leader of the pack (and NO; All the noise about them losing market share to their competitors, etc. are just nonesense). If the entire market (especially Nasdaq) is to lead CSCO will be at the front guiding practically every single stock in the Nasdaq to proceed.

And take my word as an old timer who has seen the ups and down of the markets so many times, markets do always end up going higher. There will be blips on the way, but always they go higher. Philosophically speaking the world is moving forward for the better. And if you do not believe me mark this post and lets talk about it in January of 2002!

Regards,
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