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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 80.66+3.0%Feb 2 3:59 PM EST

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To: hueyone who wrote (58418)3/12/2002 10:38:13 AM
From: hueyone  Read Replies (2) of 77400
 
Edit: Rather than deny increased growth and profitability due to increasing productivity, I would be more accurate to say I do not believe the resulting increase in growth from productivity is enough to justify PEs at levels significantly higher than historical levels. Regarding GDP, my guess is that we will be lucky to do a 3 percent real increase per year on average.

Best, Huey
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