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

To: GVTucker who wrote (39271)	8/10/2000 8:41:53 AM
From: Road Walker	Respond to of 77400

GV, You are probably right with many individual investors, they probably expect a stock double every year. But Cisco is 55% institution owned, I would guess that those folks would accept 25% to 35% stock appreciation. As stated in the other note, this implies a gradually lowering PE as earnings continue to grow well beyond that percentage. I think the gradual process of lower Cisco's PE has already started, the stock hasn't performed very well lately. To me, it's still a good investment, even at 25% appreciation it should outperform the indexes. John