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


To: John Malloy who wrote (33277)4/2/2000 11:49:00 AM
From: Tony Viola  Respond to of 77400
 
John, >I agree that it's going to be increasingly difficult for Cisco to maintain its past growth.

Why? This is a quote from a book by Chrstian Huitema, a former head of the Internet Architecture Board and the pre-eminent expert on routing:

"The Internet is growing, and it's growing fast. the number of connected hosts is doubling almost every year, while the volume of traffic is doubling every 6 to 10 months. This growth has been sustained for several years, and all measures indicate that it may well continue at the same rate for another five years, at least."

- Routing in the Internet, 2nd ed., 2000.

What other major industry can claim this growth kind of growth. What other major industry can claim even 1/2, make it 1/3 this growth.

Cisco is the pre-eminent company/stock associated with the Internet and its growth. No other has anywhere near that associativity in by far the fastest growing thing anywhere. They also have a reputation for nailing (exceeding) their numbers every quarter, without fail. Virtually no worry about getting hammered by a bad quarter. That is worth a lot of P/E to investors.

About all else you could say to those that hate to see this stock continue to rise - 'read it and weep.'

Tony