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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.42+4.6%3:59 PM EST

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To: The Phoenix who wrote (16916)9/11/1998 2:38:00 PM
From: MythMan  Read Replies (1) of 77398
 
Message 5725445

Not shorting LU as their accounting too suspect to determine true multiple. CSCO mgmt themselves says growth rate will be in 30% range. Is so, valuation can't be maintained imo.

As for the internet stocks, I don't touch em. fwiw, I've been long csco many times. Market sentiment has changed. All stocks getting shot. Only 4 holdouts left on Naz and csco is one of them.

MM
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