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To: Seldom_Blue who wrote (6520)4/16/2000 1:14:00 PM
From: Jill  Respond to of 8096
 
Anything could happen, eh?

A gap down at the open and more terror, a wave of panic selling, and recovery later in the day.

A sucker rally--and then sell into and selloff later in the day.

Up and down all day.

I'll be glad when tomorrow's over one way or another



To: Seldom_Blue who wrote (6520)4/16/2000 1:23:00 PM
From: Bridge Player  Read Replies (5) | Respond to of 8096
 
Seldom, before you buy CSCO you might want to consider a question I asked recently here. Why should the company now sell at a 100 PE (down from 140 recently), when, for most of the years of its most rapid growth phase, it sold for 40 or 50 or 60 times earnings? As big as they are now, can they grow rapidly enough to justify that multiple? With dozens if not hundreds of companies nibbling at their franchise with innovative new products, and with the growth of optical, where they are not the strongest player, are they really WORTH the current price?

If the technology selloff continues, there seems to me to be no reason why CSCO should be immune.

IMO

BP