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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

3:59 PM EST

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To: Maxer who wrote (15269)	7/23/1998 2:55:00 PM
From: IBthinkin	Read Replies (2) of 77400

The reason was 3COM. Every networking stock corrected in a major way after Jan 23,1997. ASND started on its way from 80 to 22(I know because I held it all the way down and back up). At that time the momentum players believed that COMS and CSCO were equals or thereabout. The rebound of the major players in networking have now proven the falsehood of that theory for good. CSCO and the NASDAQ have had many corrections in the past three years. The Dow Jones is the only average that hasn't corrected like it should, and is overvalued based on any possible model one can think of. kc

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