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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 72.34-2.9%Nov 4 3:59 PM EST

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To: Stock Farmer who wrote (69401)1/2/2006 12:40:37 AM
From: Sr K  Read Replies (2) of 77397
 
2006 is a tough call. There is too much pessimism now, but looking at a whole year, with interest rate and political risk, I expect a slow adjustment toward fair value.

In normal interest rate environments, P/E's range from 12 to 16 or so. So we are slighly on the high side. Stocks of companies that have made forward looking projections with options expenses have gotten hit enough for me to think the full adjustment has not yet been made. So as of today I think CSCO will be down 6% to close 12/29/06 at $16.09.

That's my guess, Mindmeld.
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