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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 70.91

-0.2%

3:28 PM EST

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To: Dave who wrote (66602)	11/26/2004 3:53:45 PM
From: Kirk ©	Read Replies (1) of 77397

I see you answered me as I was still writing my reply. Did you see how I calculated tangible BV was flat for the past 4.25 yrs while they earned billions? It tells me the company is just going higher because their financial engineering is convincing people it is more valuable, not because the value of the company per share is actually going up. Isn't that true? The only postive I see is price/book has declined since 7/2000 because many have dumped the stock finance.yahoo.com

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