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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.03+0.8%Nov 14 9:30 AM EST

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To: Paul Shread who wrote (49392)2/27/2001 1:45:33 AM
From: Jacob Snyder  Read Replies (2) of 77399
 
Well, it is encouraging that people who pay attention to PEs, P/S, P/B, are beginning to get interested again. What earnings do you think CSCO will be posting in calendar 2001? I'm thinking they miss again, one miss often begets another. I'm also thinking they have to take some "special" or "extraordinary" or "oops, please ignore this" charges for bad debts, sometime this year. When all the CLECs and dotcoms finish defaulting.

I, too, bailed from a longtime position a while ago, and am looking for a buy-back price. My personal "this is too much" point was a PE of 100, in 1999, earlier than yours.
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