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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.02

0.0%

9:30 AM EST

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To: RetiredNow who wrote (54508)	8/15/2001 11:55:26 AM
From: larry	Read Replies (1) of 77400

Although Nasdaq is sure to test April low, and probably breaks it within the next 6 months, there will be plenty of trading opportunities (on lower low rallies along the way). You can try to buy tech at Nas 1890-1900 level, and expect a rebound to 2k within the next month. Take a loss when Nas breaks 1880, and buy it around 1800. Nas 2k is sure to happen before the next leg down. BTW, CSCO is expected to make 18 cents next year. They can make 13 cents out of interest itself, which leaves 5 cents for operation earnings. What kind of multiple do you want to pay for the best growth company on earth? Forward P/E of 100 only gives it a value of 5 bucks, along with 1.3 bucks from interests (P/E of 10 for interests). CSCO is likely to grow at a 15% yearly rate after the slow down is over in probably late 2002, or early 2003. Does that growth guarantee a triple digit P/E multiple? larry!

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