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

To: lawdog who wrote (36110)	5/22/2000 5:28:00 PM
From: SyncMan	Read Replies (1) \| Respond to of 77400

Look at CSCO at during March, April of 94. Look what it did to 2000. That low looks like quite a bargain. Of course, there are no guarantee's, but I think a lot of people see CSCO in the low 80's in a while. And if your idea of 2 years being a short "while", then picking it up in the 50's might be considered a "bargain". Perhaps. Of course, I'm not going to argue with Monty Python! :)

To: lawdog who wrote (36110)	5/22/2000 5:29:00 PM
From: Eric	Respond to of 77400

Well.... Some people see the glass half empty, I see the glass half full. All I can say is I used to trade a lot a number of years ago but I have made much more money taking long positions in the stocks that are building the new world economy. ie, telecommunications!

To: lawdog who wrote (36110)	5/22/2000 6:26:00 PM
From: The Phoenix	Read Replies (3) \| Respond to of 77400

Lawdog, Cisco's trailing PE at this price is about 100. 2001 PE (assuming you believe that CSCO has only 30% earnings growth next year) is 80. With reasonable growth (35%-40%)the 2001 PE is in the low 70's. I'd like to note that earnings estimates for 2001 have been creeping up every month so I feel the 70 figure is closer to reality. Cisco's historical earnings growth has been 43%.... 3 times faster than the industry. Yes... the PE is high but given growth it's not outrageous.... especially given the track record. OG