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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 3:59 PM EST

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To: craig crawford who wrote (13065)	3/25/1998 10:38:00 AM
From: Greg Jung	Read Replies (1) of 77399

MSFT will earn +0.04 more than expectations. multiply by 4 quarters = 0.20 (the New Math), use a 50 multiple and get an additional $10 for the stock. Yup, that makes sense. MSFT has caught up with AOL for recent run-ups (both up 10% since Mar 21). Yesterday I believe was beginning of a market-shift rotation, lots of institutional money going into technology. Microsoft opened a new software sweatshop in India, now following the lead of the shoe manufacturers. Evidently all the US software personnel are unmotivated millionaires, so they will get moved to management where they can be cut effortlessly in the future to cut more expenses, boost the stock price more, and everybody gets a "pay" raise. Greg

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