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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.26+1.2%Jan 15 3:59 PM EST

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To: Eric Dickson who wrote (10351)11/11/1997 4:08:00 PM
From: Brian Malloy  Read Replies (1) of 77400
 
What you say has merit, I will not say that It will not come to pass. Since I hold CSCO for the long term I really don't care - but some things are of academic\conceptual interest to me.

"In six months trailing earnings are estimated to be $2.44 after 3rd QTR results. CSCO @ $100 would require a PE of 41. Not likely."

I do have a question though. What is CSCO's PE today?
Given your answer to the question above, and considering the type of market we are in now, with all of its bad news, why is a PE of 41 so unlikely and thus a price of $100 "Not likely".
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