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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.18

+0.2%

Dec 26 3:59 PM EST

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To: The Phoenix who wrote (19129)	11/8/1998 8:42:00 PM
From: Tulvio Durand	Read Replies (2) of 77400

Gary, as LB says, how can you confidently predict a double with 35% growth? From historical records, CSCO's PE range is 20-to-80. So assuming 35% growth and a maximum PE of 80 would produce a stock price of 135, or the double. An average PE of 50 would give a price of 84 -- a more likely scenario. Or if we simply upped today's price by 35% we would get $90/share -- also a likely scenario. The PE of 80, which occurred during accelerating earnings, is not likely to happen again. Tulvio

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