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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.31

+4.5%

12:34 PM EST

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To: RetiredNow who wrote (21391)	1/31/1999 12:04:00 PM
From: LindyBill	Read Replies (2) of 77398

caught up in the Internet mania valuation Yeah, it's crazy, isn't it, mindmeld. I see a lot of use of a "forward" PE. and a 100 PE seems to be where CSCO is headed as a high, with a low at 80. If you take 1.61 times 135% for next year, that gives you a 2.17 earnings for 2K, time 100PE, equals a 217 price. You could justify it that way, and since we are headed for 217, we might as well! I think it will take a jump in interest rates, or a major overseas crash, to knock this market down. I don't see anything on the domestic horizon but good news.

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