Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.40

-1.4%

3:59 PM EST

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To: Sonki who wrote (19734)	12/9/1998 10:40:00 PM
From: Jacob Snyder	Read Replies (2) of 77400

Sonki: re: paying higher pe for growth stocks Yes, but...... 1. How high a PE? Is there any realistic chance it can go higher than it is now? 2. How sure are we of the growth? I mean earnings growth, not sales or market share or any other unimportant way of valuing a stock. For CSCO (and a very few other companies) we can reliably predict continuing high earnings growth. Earnings predictions more than a couple of quarters out, for rapidly growing tech companies, are frequently way off. Yet investors are buying the semi-equips (just one example) based on a hoped-for upturn at the end of 1999. That's too far out for anyone to really know. Same thing, only more so, applies to the amzn. Yes, UCSD has a very good med school, especially if you want to do research.

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