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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (8221)	8/7/2001 10:22:16 PM
From: Wizard	Read Replies (1) of 57684

Cisco... Well, first time in a long time that Cisco didn't have to adjust numbers down. Making the forecast in this spending environment is at least a good signal that things have stopped getting worse. Guidance reflects the capital spending recession. It is in the numbers and it's in the stock. North American bookings up sequentially. Inventories down despite take-back from contract manufacturers. Chambers even said that component vendors participating in Cisco's growing product lines should expect to be getting orders from Cisco starting this quarter. All in, it's not super exciting but compared to the freefall the tech economy was in the Spring, this is nice stabilization. The world isn't ending. All this just confirms the 4/4/01 bottom. I was about ready to jump out my window on 4/4... While this does not signal the beginning of big rally, I think it is safe to troll the wreckage of the tech world and make some more aggressive bets when the prices come our way...

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