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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.39+1.3%3:59 PM EST

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To: Rob C. who wrote (52270)5/3/2001 11:04:03 AM
From: SouthFloridaGuy  Read Replies (1) of 77400
 
Actually, I totally disagree. Through it's massive writedowns CSCO management has proven to me that it is incompetent and that it continually pursues actions that are against the interest of the owners (shareholders) - pooling, massive stock options, etc.

They are also quite dishonest in my mind. While I was on this thread last spring and summer, telling people why CSCO would go down, CSCO management was touting how great things were. How did I know what they supposedly didn't? Impossible. Yet if the moronic American investment public knew how to read a Balance Sheet they would have figured it out.

At a market cap of $150 billion with no dividend, for virtually no earnings and DECLINING REVENUES, I would not buy this stock for any term. Long, short, whatever. Give me Exxon-Mobil any day that pays a dividend that is larger than all of CSCO's earnings yet has a market cap only 2x CSCO in a rising commodity price environment.

"The second Industrial Revolution is just beginning." Cisco CEO John Chambers, August 2000.
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