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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.99

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10:03 AM EST

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To: Gottfried who wrote (59395)	5/8/2002 8:41:22 PM
From: Jerome	Read Replies (1) of 77400

Gottfried...>>> reminded investors of other good news they had ignored last week <<< There has been a lot of good news on the economy and tech stocks are lagging. Here's my take on it. The good news has been in home building, automobiles and consumer products. The beneficiaries of this have been home builders (TOLL Brothers), automobiles (GM, TOY, DCX) Consumer products (PG, paper producers, WalMart). But the good news has not been in tech (with a few exceptions).The conference calls sound like reruns, "things are not getting worse, and just a little bit better". No tech company is claiming any visibility. A company that is not losing money considers it a major accomplishment. Todays rally is like the man who picks himself off the street onto the curb. Its a big relief that he is alive, but he a long way from standing on his own. I got my head handed to me several times in the past few weeks for calling a bottom on some stocks. Only Hydra the multi headed serpent from Greek Mythology could survive so many decapitations. If I'm wrong I's sure that many a thread viewer here will not let me forget it. JMO...Jerome

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