To: GVTucker who wrote (39886 ) 9/14/2000 10:34:10 AM From: Tony Viola Read Replies (2) | Respond to GV, >But I think that the writer misses what I think is the primary reason for CSCO's performance as of late. The market has reevaluated the risk/reward of paying 100x earnings for a company with a market cap approaching $500 billion. Earnings growth of 40% is no more or less likely now than it was before, I just think market participants are realizing that the only way that the price is justified is if this 40% happens. No question there's some truth here. It shouldn't be forgotten that Cisco had a tremendous run-up in the early part of this year, soaring nearly 50 percent to more than $80. Even with its current problems, it stands 73 percent above where it was at this point last year.
