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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (730)	9/12/2000 9:08:45 PM
From: Ex-INTCfan	Respond to of 65232

Scott, the bears have been saying the same thing about Cisco since it went public. Thanks for posting, though. Always good to see the other side. INTCfan

To: Mannie who wrote (730)	9/12/2000 9:09:47 PM
From: Voltaire	Read Replies (2) \| Respond to of 65232

Hi Scott, I find this interesting. It will be a great test for my HOUSES theory. V

To: Mannie who wrote (730)	9/12/2000 11:10:51 PM
From: Sully-	Respond to of 65232

Somehow when reading that article, thoughts of a horny, but market savvy jackass came to mind...... Wonder why.... Ö¿Ö Tim@WeeWilly'sPlayhouse.com

To: Mannie who wrote (730)	9/12/2000 11:24:23 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 65232

Interesting piece on Cisco, Scott. It's been one of my core holdings since 1997 (with a 6 month respite in 1999 while I concentrated on the Q), and I view it as one of the finest enterprises in history. A few things crossed my mind when I read the analysis, such as, Who is the Bull Market Report? Do they have a track record? They said, "Historically, the PE should be 32, since this is the company's current earnings growth rate", but the 5 year earnings cgr is 39.2%, and last quarter's was 69% YOY. Here's the quote from their earnings press release: Net sales for the fourth quarter of fiscal 2000 were $5.72 billion, compared with $3.56 billion for the same period last year, an increase of 61%. Pro forma net income, which excludes the effects of acquisition charges, payroll tax on stock option exercises, and net gains realized on minority investments, was $1.20 billion or $0.16 per share for the fourth quarter of fiscal 2000, compared with pro forma net income of $710 million or $0.10 per share for the fourth quarter of fiscal 1999, increases of 69% and 60%, respectively. Perhaps the Bull Market Report doesn't know the difference between a raw and a pro forma report, or maybe they just didn't do their homework. Be that as it may, Cisco concerns me the least of all of my holdings; it's the bedrock of my portfolio. uf