Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.07

+1.4%

10:36 AM EST

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To: Howard Feinstein who wrote (21549)	2/2/1999 11:37:00 AM
From: Wanderer	Read Replies (1) of 77397

Year 2000 (that's July of 2000)earnings estimates are around $1.85. Say they beat that and come in at $2.00. At today's price that's a P/E of over 55 which is about the right number for a quality growth company of Cisco's caliber. Unfortunately that's one and half years from now. Seems the market has too much money chasing to few quality growth companies. Throw into that the internet mania and you have a very pricey proposition. I'm a longterm Cisco holder (over 5 years) and have a long term view. I just hope the people buying now also have a long term view as the stock seems to be way ahead of itself at this point.

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