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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.030.0%Dec 24 12:59 PM EST

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To: Jay Couch who wrote (49620)3/6/2001 5:53:36 PM
From: Wyätt Gwyön  Read Replies (1) of 77400
 
Oh really? First off, the word is gimmickery. Second, I'm not sure if THAT is even a word. Third, EVERY company is made up of selfish buggers. And fourth, the company is selling over $20 billion worth of product a year. How in the world can you say that it's not a 'good' company?

Let's put aside semantics for a moment. Cisco has retained earnings of about 7 billion. That is, for everything they've done throughout their life, their operations have accrued about 7 billion. Exxon last year paid dividends of about 5.8 billion. That is, the amount Exxon pays in dividends on a yearly basis is almost equal to what Cisco has earned from its operations in its entire operating history. So, back to word games, I consider Exxon to be a cash cow, and compared to Exxon, I consider Cisco to be a little ant. It is truly a mark of how preposterous the bubble was that the market valued the ant higher than the cow at one point.
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