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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 83.12+3.1%Feb 3 3:59 PM EST

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To: Dennis who wrote (21157)1/25/1999 12:30:00 PM
From: Frank Sheridan  Read Replies (1) of 77400
 
Dennis - CSCO dropping near $100 a share - this might be a good time to pick some up.

My overall prognosis for CSCO is for some near term turmoil in the price, as many of the high flying Internet stocks finally deflate, and CSCO takes a collateral damage hit. However, as soon as the herd realizes that CSCO is one of the very few Internet stocks that is making money (and lots of it) they will come thundering back into CSCO, driving the price to new highs. It is also possible that as the herd stampedes out of stocks like MKTW and YHOO they might decide to pick up CSCO instead, thereby preventing any meaningful drop in the price of CSCO stock.

All of this is entirely IMHO, of course. Because I can't predict what is going to happen I simply stay long on CSCO.

Regards.
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