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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (22098)	5/5/2000 6:19:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 25814

You need to investigate infrastructure build out worldwide a bit more. You mean the profitless dot-coms that are coming online at the rate of one every 15 minutes?! This is another aspect -- once the internet bubble gets completely deflated, CSCO's growth rate will dwindle. Not all the way to zero, but even a decline to the teens will suffice. Of course the company will survive a la IBM from the 60's and the 70's, maybe even avoid layoffs, but the stock will get taken out and shot. And it sure is interesting to note that, almost word for word, people were saying the exact same things about IBM three decades ago. IBM had regularly cranked out 20% annual increases in earnings from the early 1950s, and the future (obviously) belonged to technology (Well, isn't that always the case?!). Yet investors who purchased these and many other stocks when the future looked brightest had much to regret. Despite IBM's spectacular earnings growth (18% a year for more than 15 years), the stock was overpriced to begin with, and so, ended up underperforming the index over the next generation. Good luck to you.