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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.28

+0.1%

3:59 PM EST

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To: RetiredNow who wrote (51615)	4/17/2001 9:30:59 AM
From: Wyätt Gwyön	Read Replies (3) of 77400

I really don't think the stock goes to $3, because book value is ($30B-$3.7 w/o's= $26.3 / 7B shs = $3.7 per share. In fact, I bet it doesn't go below $10 per share. My $3 personal buy target is based on the assumption of a long, drawn out bottom where csco burns through a lot of book over the next several years. This may never happen, but it is the type of scenario that could make me an enthusiastic buyer. I guess we'll see soon enough. All the pain will be in the next 3 weeks. This again assumes all the bad news is out there. But it was supposed to be all out there many times before. JC admits they don't even build a model for what's been going on, so I would submit that forward results will be hard to predict. This means things could be worse than expected, as JC states. I don't know why they say they will return to 30-50% growth though! What is the basis for that statement, unless they mean returning to flatline with Q2.

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