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

To: lawdog who wrote (37006)	6/3/2000 2:01:00 AM
From: SyncMan	Read Replies (1) \| Respond to of 77400

Hey Law. You shouldn't sulk. Every buck that Cisco goes up is another that someday it might go down. That's opportunity! So far, I think the total opportunity on our little golden tickets (WW and the Choclate factory) is $48,000, but I'm not sure. :) Of course, the odds of it's dropping seem extremely low to us on my side of the fence, but seeing it slow down in it's growth rates from the extraordinary rates that it has seems very likely (at least after another 3 or 4 years). We might only beat T-Bills this year by 300% or so, not 4 million, like last year. :) Anyway, I don't think anybody here thinks the CSCO bears are really dumb. We are a bit mistified that you haven't chosen to aim at companies with bad management, no revenues, no plans, no products, etc. etc. instead of aiming at a company with such extraordinary strengths that Cisco has. In most of our opinions, I would guess, that would seem the wiser thing to do. But each to his own, of course. And we could never argue with those that delve into the black magic that is TA. I'd like somebody to show me how it could have predicted Cisco in 94 to Cisco in 2000, but I don't expect anybody will. Lastly, if history hasn't taught you guys anything; if you haven't seen the extraordinary things that have happened to the world, both in terms of financial thinking, and in terms of peace and stability in the world, then I don't think that any of us could teach you anything, either. Some people actually choose to think that P/E is a valid measurement of companies, as if Earnings of Cisco in 2000 are equivalent to the earnings of Safeway (a grocery chain) in 2000, because they happen to be roughly equivalent. Some people actually think that stability and long term growth is "boring", and sooner or later the financial community will grow tired of it and hurt Cisco for that reason. Some people just want the top stock to always be taken down. I do root for the little guys when I watch a sporting event, but no one can disagree that when it comes to financials, a big company has a LOT of strengths in the market that a smaller company has. In the past, smaller companies have succeeded because the larger ones rested. But, from where I sit, Cisco is not resting. When Chambers says that he see's more opportunity for growth than Cisco has money to fund, I believe him. And when I think about all the money that Cisco currently makes (and thus could use to fund new growth), it boogles my mind. :) (and yes, I know your post was in jest).