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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: The Phoenix who wrote (16836)	9/6/1998 6:10:00 PM
From: Joseph G.	Read Replies (2) of 77399

CSCO has not traded in a bear market yet, and as a specialty boxmaker, a la SUNW, DELL, etc., it is in a very cyclical industry. Other businesses just MUST cut capital equipment purchases in a tough economic environment. Already placed orders get postponed or cancelled ... It is a matter of survival for them, not of choice. There is a reason why "consumer noncyclicals" are so popular ... <<When I say that Cisco holds up well in general market downturns I'm referring to historically, not just today.>> I was referring to last couple of months, when split expectations first started, and then became "official". I never daytrade. PS. Also, look how CSCO dropped by 50% in 1994 ... compare to GE now and then. (GE is a "typical" market stock)

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