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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST

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To: bambs who wrote (53626)6/14/2001 8:57:14 AM
From: Stock Farmer  Read Replies (2) of 77400
 
Hi Bambs - it's OK about the past. Nobody seemed to validate you back then. It's a shame they won't honestly stand up and say "sorry, guess I was wrong" and then go on.

Anyway, you were right.

Now... will that repeat? I gotta confess, I'm as skeptical of your view being "extreme" now as I was of your "extreme" view back then. But, events of the last year should have us all a bit more open minded to extreme.

I agree with you that NASD 1000 would be closer to reasonable economic valuation. I also agree that CSCO's economic value is closer to $5 than $20.

But I just don't see us getting there within a year.

Why? Because $5 is just too much humble pie to digest for too many vested interests.

I guess just watch and see. Meanwhile, I'm guarding my capital aggressively.

John
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