SI
SI
discoversearch

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 74.59+0.4%Jan 23 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (57641)2/15/2002 9:12:48 PM
From: Jacob Snyder  Read Replies (1) of 77400
 
re: this is a company that has never been through a real recession before

The last real recession, long and ugly, one that wrung all the excesses out of the system, was in 1973-4. Most of the companies in the Nasdaq 100 hadn't been founded yet, in 1974. So everyone was unprepared, it just wasn't within their realm of experience. And there was a lot of wishful thinking going on, about how the Fed and the Information Revolution and JIT was going to abolish the business cycle. Why prepare for an event that was ancient, dead history? So we're having a 5T$ learning experience.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext