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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.80-0.3%Nov 17 3:59 PM EST

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To: Mr.Fun who wrote (24991)5/6/1999 10:10:00 AM
From: jach  Read Replies (2) of 77400
 
CSCO at this point is way ahead of what their realistic price should be, all imo.
CSCO has tons of shares outstanding, so imo split will very likely not going to happen any time soon; CSCO market cap is the same as IBM, that's ridiculous valuation based on what IBM earned last qtr. No wonder IBM is splitting and going up to 200+ while CSCO is still lingering at 100+; look for CSCO to be around 90-110 range for the next few qtrs, all imo. If the mkt turns south, CSCO can come down to the 70s assuming they do not dissapoint this qtr. This may be somewhat tough as there are many competitors getting ahead of CSCO trying to grab a very lucrative 30%+ margin business. If they do dissapoint, it will be cut in half in one day. IMO, moving to QQQ can make one sleep much much better.
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