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Technology Stocks : LSI Corporation
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To: The Phoenix who wrote (22122)5/8/2001 7:26:29 PM
From: sea_biscuit  Read Replies (1) of 25814
 
It's nice to revisit these old postings once in a while. A year ago, I said that CSCO was overvalued, and I based my opinion on figures about personal income and spending. And now... CSCO is wayyyyyy down from its perch and everybody is talking about how consumer confidence is so important and how consumer demand is 2/3 of the economy and so on and so forth.

Today, a year later, CSCO has laid off some 17% of its people, sales are down, earnings are down, the stock is down... They used to say that in Silicon valley, there are two types of engineers -- those who work for Cisco and those who will soon be working for Cisco. I suppose the folks that were laid off might find that a little amusing.
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