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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: Thomas Scharf who wrote (10342)11/10/1997 12:07:00 PM
From: Zoltan!  Read Replies (1) of 77400
 
>>The text
said the latter was selected from a screen of stocks with little exposure to asia.

Actually it didn't, but I see how you made that inference. Obviously, "high Asian exposure" and "good potential" and not mutually exclusive, just as no Asian exposure and "good potential" are not perfectly correlated.

There were four factors:

1) Asian risk

2) Companies whose prospects have led analysts to increasing earnings expectations

3) "Cheap" stock price based on PEGY.

4) Stocks that didn't do well in OCT 27 dump, were dumped.

In Schlumberger's case, 2 + 3 + 4 overwhelmed 1.

Far more suspect, in my view, is Time Warner, with no PEGY at all and mediocre LT growth estimates. Always potential, lousy execution. Makes me suspect they needed a list of 10 "globals" and threw in a joker.

That theory of "10" might partly explain Schlumberger too.

Regards
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