| Good deal. Thx for the recall. Well, I plugged 10% into my snazzy spreadsheet and I get this number: $6.83. That's DCF for you. One assumption can change everything. Interestingly enough, though, I looke back to FY96, which arguably was before the bubble and they didn't do a whole lot of dilution and cash contribution from stock options. That was a pretty good representative year for Cisco, if you want a baseline. Anyway, that year, the percentage was 19%. At 19%, I get $12.98. If I split the difference, I get $10. LOL. It's all funny numbers. Either way, we're moving down in the short term. I thought this would happen in April, but we're getting it early. That means that we might still have another leg down at the end of the April quarter, which is typically a soft quarter for Cisco. You may see your single digits yet. Anyway, I'm getting an ichy trigger finger, but I'm going to hold back for a couple of days to see what happens. :) |
