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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.48+0.2%3:44 PM EST

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To: Jacob Snyder who wrote (57640)2/15/2002 8:50:59 PM
From: RetiredNow  Read Replies (1) of 77400
 
I know. That's when I started feeling my stomach churn. Locking into long term component contracts was a huge mistake. It's better to leave revenues on the table and be profitable. But the truth is that this is a company that has never been through a real recession before. So this is their first. They didn't know how to approach a cyclical downturn with caution. They learned fast, though, and now they have proven to be better navigators of the downturn than ALL of their peers and competitors. So I still have tremendous confidence in the top notch management at this company. Cisco will go on from here to be a giant on the order of IBM. 10 years from now check them out.
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