J,
My feeling is CSCO is too overpriced compared to its industry group, i.e., 20-25% premium would be perhaps OK, but its relative premium is more like 60-100%, which is too much, IMO. Short-term it probably can manage (manipulate) one Q results, but the general growth rate of the whole industry is slowing down, and this has been reflected in valuations of nearly all major networkers, but csco.
In terms of Asian influence, seems, people have decided they've seen the worst of it; so, unless there is some new developments in Japan or greater China, or until fundametals start to be affected negatively in coming 2-3 months, seems they decided it's another buying opportunity.
I'm not sure what exactly is your interest in it, so I'm rather general.
J+ |
