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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.11

-0.3%

Nov 5 3:59 PM EST

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To: RetiredNow who wrote (55078)	9/8/2001 12:09:52 AM
From: Stock Farmer	Read Replies (1) of 77397

Mindmeld: Horse puckey. Go into the garden and plant a thousand carrot seeds in a square foot of space. Knowing carrots, probably about 500 sprout. How many do you expect to survive? I think you'd be closer to the truth that if it weren't for easy credit that far fewer companies would have started out. If it weren't for the bubble most people would be happy to get a two-bagger after twelve years. Companies like Metricom which needed huge economies of scale to get off the ground would have been told "nice try, but come back when you don't need to be so big to survive". Instead they got the go-ahead. We had companies that hadn't been profitable IPO. We even had companies that hadn't shipped product go IPO. This NEVER should have started. That it was snuffed earlier or later is immaterial. And the sad part is we're not yet back to where we would have been without a bubble. And that its existence ripped the foundations out from under any number of established businesses. John

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