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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.75-0.5%3:59 PM EST
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To: RetiredNow who wrote (52759)5/10/2001 1:35:53 AM
From: cthd  Read Replies (2) of 77397
 
Mindmeld,

You're on the right track regarding:

"...everyone is bemoaning Cisco's financials...real problem is it's customers..."

Yes, customers can make or break a company... and in this case the customer has broken Cisco. All leaders in their industry find ways to execute and make things happen, even in a economic downturn such as now. Look at MSFT, AOL, and DELL. They are all leaders in their industry because they find ways to sustain shareholder value in the face of declining PC sales, lower margins, new competitors (LNUX), and legal hurdles (monopoly & merger).

While, I believe J.C. is a incredible CEO, I just don't think CSCO has developed a business model that can survive and maintain market share in economic downturns. What we have here is a company that jumped onto the economic prosperity of the 1990's and forgot to plan for the next decade. (Come'on $2.5B in inventory write-offs? That's a bit short-sighted)

We don't hear Michael Dell coming out wanting to write off 80% of last year's profits due to inventory issues.... do we?

If CSCO was to be compared to a football team, they had an all-star offense but a powder-puff style defense. Could CSCO be the next AAPL and not the high flier it once was?

CTHD

P.S. I do enjoy reading your posts. Just wanted to include my $ & sense.
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