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

To: Eric who wrote (33909)	4/15/2000 2:25:00 AM
From: Milan Shah	Read Replies (1) \| Respond to of 77400

I am beginning to invest, and the long-term thing appeals to me. In evaluating CSCO, I find that it is trading at a PE of an outrageous 165, even after the recent correction. This is backed by revenues that seem to have grow steadily at a 50% clip for the last 2-3 years. So, it seems that for a newcomer to the stock, this is still a way overpriced stock to get into, even at these levels. I am sure I am using too simplistic a measure, but still, seems hard to justify a market cap of $400B for sales of $12B. Looks like whoever got in a few years ago are realizing the fruits now, but newcomers are not necessarily going to see the same or even moderately reasonable results.