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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: jim bender who wrote (10736)	12/11/1997 11:19:00 AM
From: Eric	Read Replies (4) of 77399

Jim Your concerns are warranted. I had a long phone conversation with my dad. We have owned Cisco since 93 and are very concerned about the "Asian problems". The markets are always looking for a reason to go up or down on news. Well the asian news is not good for the markets and especially our stocks. Growth is going to slow down, that is not good for the market. Cisco has held up well until recently because of its market position, but I'm afraid that will no longer be true. Tech sales across the board are slowing down. Asia is the trigger and is having an effect. I hate to be saying this but I'm concidering selling a large percentage of Cisco and possibly all of it. My dad and brother are also. They have sold a large percent of their holdings in it the last few days. We all love the stock but see the very real possibility of it falling to the 60's very soon. We would buy back when the "Worlds" fundamentals get better. Comments? regards Eric P.S. Margins are coming down in those products.

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