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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.94+1.1%Nov 28 9:30 AM EST

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To: Elroy who wrote (67551)4/12/2005 11:44:51 AM
From: GVTucker  Read Replies (1) of 77400
 
Elroy, RE: This is what seems bizarre to me. CSCO's valuation has been at the same level as today for the past three months (if not longer), so why didn't they make the call 3-6 months ago?

Because now you're 3-6 months closer to 2006 earnings. It's also 3-6 months less that you have to discount back cash flows.

For a company with growing earnings, if the stock price remains constant, the valuation is always declining.
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