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Technology Stocks : Full Disclosure Trading
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To: Jacob Snyder who wrote (266)4/22/2002 2:05:05 PM
From: Cary Salsberg  Read Replies (2) of 13403
 
Jacob,

CSCO has $18B annual revenues. A 47 PE on $.50 2003 "guestimates" yields $23.5. CSCO dominated routers and used its high priced stock to buy other companies. Its router dominance is being eroded by JNPR and its stock is no longer high priced. In technology, "LastManStanding" is not sufficient reason to invest.

I don't know why you think CSCO is "steadily pulling ahead". They are not known for exceptionally strong research. They are ahead of LU and NT because their base was general industry and not telephone companies. They also have better financials than telephone industry companies.

I am holding a small position in CSCO (800 shares). I have a cost of slightly less than $4/share. I have owned these shares since 1996 when CSCO bought a company I bought shares in about a month earlier. These are in a taxable account, unfortunately. I sold almost everything in my IRA account in 2000 and almost nothing in my taxable.

I have advised 2 people to switch holdings in SPCT to CSCO at ~ the same prices, so I am not too worried (maybe wrongly) about CSCOs viability. I just don't think the size, valuation, and exceptional track record, qualifies it for addition to my 8, and I have tried hard to find additions.
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