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

To: The Phoenix who wrote (39288)	8/10/2000 11:16:14 AM
From: bambs	Read Replies (1) \| Respond to of 77397

Gary, are you talking about pro-forma numbers?

To: The Phoenix who wrote (39288)	8/10/2000 12:10:51 PM
From: PMS Witch	Read Replies (4) \| Respond to of 77397

Desires, expectations, and reality ... As the debate between short, medium, and long time horizon investors continues, and often becomes heated, perhaps a look at the question of whether CSCO is an appropriate company for one to accumulate equity would help. Let's be conservative and assume CSCO will grow at about 25% per year for the next while. We've seen faster growth, and we've seen fluctuations, but overall, this company has performed well over the years. And the same people are running the same business with the same customers today as yesterday, with little evidence of major changes tomorrow. Not that these guys are stuck: Quite the contrary, they're masters at managing change, when necessary. Therefor, it's not stretching the realm of possibility to consider this growth reasonably sound for the near future. Now, as many long-term holders post, quite a few people hold CSCO shares at a cost base similar to a cup of coffee. These investors have been well rewarded and, quite reasonably, expect their investment(s) to continue to outpace market returns. So here's my point: I'm content with a return on my investment at levels matching CSCO's growth. The fluctuations aren't an issue, because for every day CSCO's price lags a reasonable level, another day brings prices beyond the level prudent people should pay. I have no intention of parting with my CSCO shares in some vain attempt to out-smart the market. I'll leave that mug's game to the short-termers to enjoy before their bankruptcy. I'll content myself with owning a piece of a spectacular company, led by great management, and propelled forward by a well motivated and well compensated workforce. Life couldn't possibly be better. Cheers, PW. P.S. I've noticed the thread picked up a new moron: Haemorrhoid BranMuffin.