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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.96

+1.2%

3:48 PM EST

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To: Zoltan! who wrote (22190)	2/8/1999 9:33:00 AM
From: jach	Read Replies (2) of 77397

<IBM that is overpriced since it has been shrinking itself for well over a decade. IBM's halcyon days are well past.> Wrong! do you have any clue as to what IBM does and the type of their products? More than 75% of all business (especially banking transactions, that will be 85%) depends on IBM systems. Shrinking itself, where've you been, IBM revenue is 20 Billion last qtr. CSCO is around 2B$. CSCO is way overpriced compared to IBM revenue and earnings. No way CSCO should command more mkt valuation than IBM. That's why CSCO is likely to come down. 120 PE for CSCO is way way too much. Historically CSCO traded at around 60-70 PE, and that translates to around 60-70$ per share. IMO, anyone interesting in getting in should consider these facts.

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