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

To: The Phoenix who wrote (37940)	6/25/2000 11:17:00 PM
From: Tony Viola	Respond to of 77400

Gary, I don't consider Fleckenstein's conclusion about dot.com company failures affecting Cisco as relevant at all. Intel and Dell, hell Cisco themselves, probably do more business on the web than all of the .coms combined that he's talking about. In the meanwhile, all of the major corporations in this country, smokestacks included, are waking up to the need for serious web presence. Again, the .coms that don't make it are a flyspeck in comparison to all this. That guy will take any toehold to try to prove his case that high tech stocks must crash. I'm surprised he gets any reprisal here (I know, why am I talking about it?). Tony

To: The Phoenix who wrote (37940)	6/26/2000 12:47:00 PM
From: Tulvio Durand	Respond to of 77400

To summarize insights provided by SI respondents on Fleckenstein' question (paraphrased) " what will dotcoms failures do to companies (like Cisco) selling them infrastructure?": 1. Internet traffic will continue to double every three months regardless of number of dotcom failures. Cisco will continue to sell to whomever remains in business. .2. Since Cisco's financing has been targeted at ISP's, CLEC's and not dotcoms, no financial fallout is expected to fall on Cisco. Thus it seems Fleckenstein missed the mark with his handgranade. But, he managed to knock a few points off CSCO nevertheless. If the above insights are correct, CSCO will recover and Fleckenstein will lose credibility. Amen. Couldn't resist, -- bought more CSCO shares. Tulvio