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

To: Techplayer who wrote (29850)	12/2/1999 3:26:00 AM
From: Zoltan!	Respond to of 77400

I referenced the article. Ken picked a lame response. I don't know who that quote is from but it is obviously inaccurate and wrongheaded. There are opinions and then there are informed opinions. The uninformed ones don't understand that monopolies are not illegal per se, can't even spell "Cisco" and claim that Cisco is slowing when The Kid's growth is accelerating. An impressive performance for the uninformed. Thanks for your reference.

To: Techplayer who wrote (29850)	12/2/1999 3:54:00 AM
From: Zoltan!	Respond to of 77400

Dow Jones Newswires -- December 1, 1999 DJ T. Rowe's Puglia Sees Tech Investing A Challenge In 2000 By Amy Hughes NEW YORK (Dow Jones)--Technology investing in 2000 will be challenging, because the vast majority of tech stocks in the U.S. are overvalued compared with their earnings growth potential, said Larry Puglia. manager of T. Rowe Price Associates Inc.'s (TROW) Blue Chip Growth Fund. Speaking at the Baltimore money management firm's annual year-end press briefing, Puglia said technology companies are having trouble consistently meeting or beating Wall Street's consensus earnings expectations. Puglia said that in the past three years only 15% of technology companies posted year-over-year earnings growth, while just 5% reported consistent growth for the past five years. "We still think technology will do well," Puglia said. But the firm is being very selective in the kinds of technology-related stocks it buys in anticipation of a possible shift in company leadership, he said. "There are only so many Ciscos that can increase their earnings for 39 quarters," said Puglia, referring to Cisco Sytems Inc. (CSCO), the San Jose, Calif., computer network giant. Puglia is concerned about Sun Microsystems Inc.'s (SUNW) high stock valuation, but he expects the Palo Alto, Calif., computer hardware and software maker to maintain its market leadership in 2000. He called Sun Microsystems an "innovator" that constantly comes up with new products, and praised the company for aggressive expansion abroad. He said 50% of its earnings are generated outside of the U.S. One unlikely technology play and innovative large-capitalization company in the financial services arena is Wells Fargo & Co. (WFC), Puglia said. Wells Fargo has positioned itself as a market leader in online banking with new customers signing up for the service at an alarming rate, he said. Sporting a rapidly expanding network of branches, or "stores," throughout the West and Midwest, the San Francisco company has taken a retailing approach to banking by gauging growth in terms of same-store sales, Puglia said. Wells Fargo is the dominant player in more than 75% of the markets it serves, he said. interactive.wsj.com

To: Techplayer who wrote (29850)	12/2/1999 12:01:00 PM
From: RetiredNow	Respond to of 77400

That is not true, Brian. First, Cisco's revenue growth rate has increased the last 7 quarters in a row to a 49% rate in the last quarter. So their growth rate is accelerating, not declining. Second, Cisco won't have the monopoly problems that Microsoft has because Lucent and Nortel exist. Not to mention the 1000 little Juniper's and Sycamore's whittling away at Cisco's core markets. Cisco is dominant, but in no way a monopoly. The only thing I will concede is that Cisco probably should team with Sun in some capacity.