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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.69

+0.4%

Jan 21 3:59 PM EST

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To: RetiredNow who wrote (57483)	2/11/2002 4:02:26 PM
From: Eric	Read Replies (1) of 77400

mimdmeld I must say that I have enjoyed the postings the last week. I have been down in California at a pilot's convention in Ontario and haven't been able to post much. I'm taking the day off at my friend's house where I'm staying until tomorrow when I fly back to Seattle. You, John, Monty and others have been doing a great job thrashing the accounting issues out. People could learn a lot reading these posts. It has definitely sharpened my reading of A & L and other associated statements. I thought I had a good handle on those many years ago! <gg> Some friends of mine still call me about the stock market and in particular Cisco. While I think the market has bottomed and is building a base we are still too high here and I'd like to see a retest to confirm a hard bottom. Alas the economy seems to be picking up in many sectors now so that may not happen. I still own about 1/4 of my original position in the company but my cost basis is too cheap to post here. If I thought they would "blow it" I would have sold the remainder last year but didn't. They have too formidable a position in this industry. Their heady days of fast growth are over but I still classify them as a "growth stock". That will probably change in the next 5 years but not yet. So when friends ask me if I would buy Cisco now I say no. Not unless it gets to $14! Long term a double is easy in the next year and a half from here. Assuming we are coming off the bottom in the economy. Cisco's real market is the world now. If the world catches a good cold Cisco will be hurt. Eric P.S. Zolt thanks for the link.

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