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

To: bambs who wrote (36789)	5/31/2000 5:18:00 PM
From: Eski	Respond to of 77400

Bambs I agree with your accessment. Slow economy means lower earnings > lower stock prices. I'm nether a Bull or Bear, just a realist with alot of money in Tech funds which I'll held for 4 years and I'm still up over 100% despite the Nasdaq rollover. I would love to see Nasdaq 4000 to sell the remaining 2 I have left. I belive Greenie will still raise 1/4 to 1/2 in June regardless of Friday's numbers. Then what? a relief rally and reality sets in that higher Interest Rates will sooner or later have an impact on Tech earnings. I just don't want to hold those funds when the first Tech company warns that there not going to make it, which may take 3 to 6 months, but I do belive it will happen. My trader gut said Friday will be an up day some how CNBC and the houses will see to it unless the numbers are really far out which is find with me. My, My, where are all the BAMB bashers that where here yesterday complaining you were not around due to the rally. Looks like they go in hiding when we go South. Looks like CSCO wants to fiil the gap from Monday 55 area.

To: bambs who wrote (36789)	5/31/2000 5:37:00 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

Dear Bambs, you are thinking micro. I follow your logic, but you have to think macro to get the big picture (by definition). A slowdown cause by the interest rate hikes will most certainly raise the cost of capital for all companies. However, the telecom companies are in the midst of a buildout that they simply cannot ignore regardless of the cost of capital. The upshot is that they will pay heavy interest if they have to in order to build out their next gen networks to support the bandwidth requirements of the new economy. This fundamental concept once grasped will allow you to realize why long term holders of Nortel and Cisco could care less about these rate hikes. They just don't matter. The next 5-10 years will be a whirlwind of growth for both companies. Get with the program and buy some now while you still have a chance to buy on the cheap. I promise you, you will regret it 5 years from now, if you don't.