Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (27659)	8/16/1999 7:01:00 AM
From: Vendit™	Read Replies (1) \| Respond to of 77400

Cisco wins applause as sales boom By Cecily Fraser, CBS MarketWatch SAN JOSE, Calif. (CBS.MW) -- Wall Street bid up shares of Cisco Systems 7 percent Wednesday, applauding news that a 48 percent boom in Internet-fueled sales lifted the world's largest computer networking company past analysts' fourth-quarter earnings estimates. "Cisco is everything investors want," said Megan Graham-Hackett, director of technology research at Standard & Poor's. "It's a great Internet story, and it's a great, consistent profitability story." Cisco's stock (CSCO: news, msgs) climbed 4 3/16 to 62 15/16 on volume of 38 million shares, helping to give the technology sector a boost. cbs.marketwatch.com

To: JF Quinnelly who wrote (27659)	8/16/1999 9:30:00 AM
From: Zoltan!	Respond to of 77400

"Find a company with the size, stability, and earnings power to see you through the market's ups and downs--and hold on to it"... ...."In contrast to the drug sector, technology stocks aren't always associated with long-term investing. After all, by now practically everyone has had to listen to a neighbor or co-worker boast about the quick buck she made on a two-day-old Internet IPO. But in reality, the big long-term money is often made by patiently buying and holding shares of the best, established tech stocks, rather than jumping in and out of hot names. For example, $10,000 invested in Microsoft a decade ago would now be worth $1.2 million. A similar investment in Cisco would yield $3.9 million Although that kind of gain is not likely to be repeated over the next ten years, Cisco Systems remains a strong growth candidate. Often referred to on Wall Street as the King of Networking, Cisco supplies the hardware that moves information over the Internet--in fact, analysts estimate that more than 80% of Internet traffic flows over Cisco gear at some point. Not surprisingly, as the volume of data traveling over the Net has surged, so has demand for Cisco's products. In the latest quarter, revenue jumped by 44%, to $3.2 billion, an unusually strong increase for a company of that size. Profits soared as well, rising nearly 30%, to $646 million. "Cisco has the broadest and deepest product portfolio in the industry," says CS First Boston's Paul Weinstein. "In nearly every sector in which it competes, Cisco has the No. 1 or No. 2 position." A second way Cisco has managed to fuel its growth is by buying small companies with promising technologies. Since 1996 it has made 25 acquisitions, often using its fast-rising stock as currency. Not only have those purchases enabled Cisco to crush once-threatening rivals like Cabletron and Newbridge Networks, but they've also given the company a head start in cutting-edge fields like the integration of voice, video, and data. Result: The stock is up 40% just in 1999, trading at 65 times 2000 earnings. How much higher can it possibly go? Well, Weinstein is asked that question all the time, and he says that if anything, the outlook is getting brighter. Revenue growth is actually accelerating, and profits in the next year could easily come in well above expectations. Because of Cisco's dominant position in the networking arena, its growth pattern can continue for years to come--justifying the high valuation. "Cisco's management is more bullish than it's been in a long time," Weinstein says"... pathfinder.com TA of Fortune's picks from the Street.com: "So, that concludes my look at Fortune's "10 Stocks to Grow With." And, in spite of having no technical analysis to accompany their fundamental view, they did a pretty good job of picking a number of winners. That said, let me add a few caveats. One, I generally like every stock on the list. However, if I had to rank them, I'd make CSCO a sure buy, and UAL a sure avoid. " thestreet.com