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

To: The Phoenix who wrote (34252)	4/20/2000 5:51:00 PM
From: lawdog	Read Replies (1) \| Respond to of 77400

Don't need 5000 routers to sell books over the net (not implying that AMZN is not one of those POSs). Don't have to have a cell phone that can surf the web. Come to think of it, I don't need most of this crap becuse it just clutters up my office. Much if this revolution is crap just like past "revolutions" - not that it's enntirely crap, people jsut have their exepectations a little high. CSCO is a fat pig and people will look back on this period of over speculation and stock market bubbles and wonder how CSCO could ever be worth more (in terms of market cap alone) than GE. It is excessive to say the least. The fact that people like you take a fallacy, CSCOs market cap as verification that you are correct, absolutely, is an indication that this is one more bubble that will burst. It is circular reasoning. The belief that the POS companies failure will have no impact on the 'real' companies is misguided and buy and holders will, at some point, pay the price. Even AG, PPT and AJC won't be able to put Humpty together again.

To: The Phoenix who wrote (34252)	4/20/2000 9:16:00 PM
From: Techplayer	Respond to of 77400

Gary, A repost from the LU thread. CSCO, LU, SUN and a few others mentioned.... Morgan Stanley Says 'Net Shrs a Buy: Call of the Day (Update1) By Phil Serafino New York, April 19 (Bloomberg) -- Mary Meeker and her colleagues at Morgan Stanley Dean Witter & Co. picked 16 Internet companies that investors should bet on after the slide in technology stocks over the past month. Their recommendations include Internet portal Yahoo! Inc., online broker Charles Schwab Corp., software maker Vignette Inc. and network equipment maker Lucent Technologies Inc. The firm's Internet index fell as much as 45 percent from its March 9 record, and more than half the companies in the industry never will recover from the slide, Meeker and seven of the firm's other Internet analysts wrote in a report. Still, the growth in Internet usage shows no signs of slowing, and many companies will continue to benefit, they said. Investors should ``bet on a portfolio of leaders, put the seatbelts on and hang on,' the analysts wrote. Meeker, rated the No. 1 Internet analyst in Institutional Investor magazine's annual survey, carries weight with investors because she's been at the center of the surge in online companies. She and then-colleague Chris DePuy in 1996 published what many investors regard as the first definitive study of Internet investing. Morgan Stanley has more at stake than most other investment banks. The firm underwrote 19 initial public offerings in the first quarter that raised $4.8 billion, second only to Goldman Sachs. Of Morgan Stanley's clients, 14 were technology companies that raised $2.7 billion. After the Slide The recommendation of Internet stocks comes after last week's record 25 percent plunge in the Nasdaq Composite Index and a 13 percent rebound this week. Internet companies such as RealNetworks Inc. and CMGI Inc. are still down more than 50 percent in the past month, though, and some investors say technology companies overall still are priced too high relative to their earnings prospects. The Morgan Stanley analysts said most Internet stocks are overvalued, though some are bargains. ``In our opinion there are some compelling Internet stock values out there,' the report said. ``Perhaps we haven't seen a bottom yet but, for the leaders, we certainly should be closer to a bottom than a top. That said, we believe that more than half the companies will never truly recover.' The analysts defined leaders as companies with ``leading market share, compelling operating models, strong cash positions, sufficient liquidity, significant international opportunities, significant wireless and broadband opportunities, sustainable growth and strong management teams.' There are now 371 Internet companies with a market value of $834 billion, according to Morgan Stanley. That value has fallen by $780 billion in five weeks, ``setting a new record in Internet volatility and wealth destruction.' The shakeout in Internet companies is a replay of the experience investors had with personal computer makers in the mid- 1980s, the report said. Some of the early PC companies failed, though a few leaders turned out to be great investments. Picks Meeker has positive recommendations on 20 of the 21 Internet portal and commerce companies she follows. She rates VeriSign Inc. a ``neutral,' has ``outperform' ratings on 19 companies and ranks America Online Inc. ``strong buy.' Software analyst Charles Phillips, another contributor to the report, tracks 26 companies and rates 11 as ``neutral,' with the others either ``outperform' or ``strong buy.' Morgan Stanley said none of the analysts were available for interviews. The firm's picks include: Yahoo, Amazon.com Inc., and eBay Inc. among Internet portal and commerce companies; business-to- business commerce and software companies Agile Software Corp., Vignette Corp. and Ariba Inc.; infrastructure services companies Exodus Communications Inc. and Internap Network Services Corp. They also singled out Internet consulting and application services company, Scient Corp.; infrastructure and data networking firms Cisco Systems Inc, Broadcom Corp. Sun Microsystems Inc.; telecommunications equipment companies Lucent Technologies Inc., Motorola Inc., JDS Uniphase Corp.; and Schwab. Mike Goldstein