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

To: Zoltan! who wrote (33146)	3/30/2000 10:41:00 AM
From: Kashish King	Read Replies (1) \| Respond to of 77397

That overly used line about the ocean is actually valuable information. Like the gentlemen who suggested he's going to take advantage of this "weakness" (apparently he can't read or count) it demonstrates the lack of any material argument in favor of keeping the stock at these levels. Being in the technology mutuals, I have caught many boats indirectly and that would include CSCO. In terms of direct investment, I'm not a fan of commodity hardware. Cisco is a stellar company but it's a demonstration of stellar ignorance to suggest it will reach revenues of 250 billion from the current level of 15 billion, as it would have to do just to keep this stock's valuation reasonable. More likely than not, this meteoric rise is going to tail off and come crashing down to Earth. It's still going to remain in a high orbit: market cap of, say, $150 billion. That's still 10 times revenues and the PE will most likely be a whopping 40 or 50. This is a hardware company selling a high-tech commodity regardless of all the other pies its put its thumb in. There's no justifying the price considering the current, galactic size of the company.