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

To: The Phoenix who wrote (34194)	4/19/2000 10:48:00 PM
From: Kashish King	Read Replies (3) \| Respond to of 77400

Gary, We can take everything you said and throw it out the window as worthless information: nobody is making the argument that the company won't execute, grow the bottom line and so forth. You're arguing with yourself. The bottom line is simple: you're counting on competition staying completely flat, inflation not rising at all, growth continuing at 30% plus and CSCO being able to broadly diversify in equally strong growth areas, again with little or no competition. You are counting on all of that because the current market cap reflects a decade or more of such results with no interruptions. It's not going to happen if you introduce common sense into the picture. There is a tremendous amount riding on CSCO and it's being pumped up liberally by people who have no clue what makes the technology tick, but pretend they do. Armies of so-called analysts out to protect their employers investments through any means possible. Clearly you're ignoring Cisco's real current and real prospects because that's worked up to now. The mistake you're making is thinking that this insane (that's what it is) valuation is going to continue to exist indefinitely. Take a long hard look at IBM, Motorola or any number of other real giants -- in terms of revenue. Then take a long hard look at their stock price. You know, you're just following the lemmings and you can't stand that anybody would dare interrupt with common sense. Oh well, you'll have to find out the hard way why valuation is still important.