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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.86+2.0%9:44 AM EST

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To: Eric who wrote (19432)11/20/1998 2:06:00 AM
From: James A. Shankland  Read Replies (3) of 77400
 
Eric, I basically agree with you that for the "buy it and forget about it" investment school, CSCO is probably not a bad move even at today's prices. I do have to point out, though, that when you said:

This company will be 4 to 5 times bigger than it is now in approximately 10 years IMHO.

you are projecting an average annual growth rate of about 15-17.5% over the next 10 years. The current stock price appears to assume a much higher growth rate than that. Maybe CSCO can meet that standard, but the bar is now set very high indeed.
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