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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.02+3.3%3:59 PM EST

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To: RetiredNow who wrote (74606)11/14/2007 9:16:06 AM
From: Elroy  Read Replies (2) of 77400
 
stocks like Cisco will stagnate, even though the company itself posts record-breaking quarters.

Relative to other US stocks Cisco will benefit from a declining US dollar as a large percentage of revenues are denominated in foreign currencies (which are strengthening) while most expenses are denominated in US dollars (which are declining). In fact, I'd bet somewhere between 2%-5% of CSCO's revenue growth in 2007 was due to currency benefits from the declining dollar.
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