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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.96+1.2%3:48 PM EST

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To: uptick who wrote (18794)11/4/1998 3:50:00 PM
From: The Phoenix  Read Replies (1) of 77397
 
CSCO is a great company, but simply
matching or barely beating expectation doesn't justify a PE of 74.


Interesting... It seems to have justified it for the past 3 years. Anyway, CSCO will not beat by anymore than a couple of cents. Once again, go back and look at history...they manage their numbers very well.

Bottom line the CC will go like always:

"We're encouraged by continued acceptance of CSCO new products and our penetration into new markets as well as our ability to maintain or increase market share in existing markets. blah blah blah .... At the same time we continue to remain vigilant with cost cutting strategies to maintain margins however it is likely that margins may come down slightly going forward. Additionally we are not out of the woods yet in Asia and continued weakness there continues to be a concern. blah blah blah..."

That's right. Don't expect any surprises. This is a boring stock. I love it. :)

OG
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