Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JakeStraw who wrote (54924)	9/5/2001 11:23:39 PM
From: t2	Read Replies (1) of 77400

CSCO still sports a relatively high valuation considering its growth prospects and the uncertainty surrounding its business prospects in general Another factor would be that mutual funds held onto Cisco and many initiated positions as well, thinking that it will beat out NT and Lucent because of its cash levels. NT and LU have been dumped in a big way already but not Cisco. I think we could see a lot selling on Cisco...downward to about $10 to $12 in the next 2 weeks or so (imho). They could initiate a stock buyback if it goes below $10, which is something NT or LU could not do. On the other hand if Chambers is so bearish, why bother wasting the cash on a buyback. Cisco's cash per share is under $1 (from Yahoo). Lots of downside still left in this one given what has happened to NT---I am sticking with about a $10 target. Just feel that it gets there very fast. Just looking at the types of stocks that were getting beaten up today (I don't know if it is related to some tech fund liquidation)---nt, jdsu, cisco.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next