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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.90+1.1%10:38 AM EST

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To: RetiredNow who wrote (52320)5/5/2001 10:00:52 AM
From: flint  Read Replies (1) of 77399
 
Business as usual after the 100 year booms means the stock is over price. Your great grand children will be dead before this company can pay a decent dividend. At some point in time a stock must serve a real functional purpose. Today the only reason for Cisco having value is because there are gamblers in line behind you.

Cisco and all the other networking companies will always be here, but the PE ratio that they are trading at has no bearing to their long term growth rate.

thestreet.com
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