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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (47429)	5/14/2000 5:52:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Mephisto, it will a great service to humanity and even more so to the US economy if CSCO would trade at it's realistic price around $10 to $15. Holding CSCO price up will only damage the US and world economy over the long term. BTW CSCO is not the only grossly overvalued company. BWDIK Haim

To: Mephisto who wrote (47429)	5/15/2000 9:06:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 94695

i doubt that Barron's staff is trading ahead of articles...anyway, the main point of the article was that a)CSCO is priced for perfection and b) that perfection may not be the actual state of affairs looking ahead. CSCO's accounting practices, while perfectly legal, make liberal use of what i'd call loopholes in the current GAAP regulatory framework (it must be said however that they are not the only tech co. doing this...pooling of interests accounting for takeovers and bolstering earnings via ESOP tax rebates are widespread practices. so is stock market speculation, via trading securities and selling puts). i wouldn't dismiss the issues raised in the article only because it seems a bit one-sided. note that they do acknowledge that Cisco is a great company...if you want to read Cisco laudatios, there are thousands of those out there. i prefer a critical look behind the scenes, but to each his own. btw, as to the question of Barron's clout, remember that the market has just as often greeted critical articles by bidding up the stock concerned (the AMZN title story last year comes to mind). so if the market actually reacts negatively to a critical Barron's story, then it was most likely going to sell off anyway. regards, hb