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


To: chic_hearne who wrote (40559)10/11/2000 12:33:43 PM
From: The Phoenix  Read Replies (1) | Respond to of 77399
 
P/e's and market caps meant ABSOLUTELY nothing on the way up, give me one good reason why they should mean something on the way
down?


Well... you weren't around in the 80's so I can't help you there. Companies have intrisic value. This includes the underlying book value, products, patents, engineering talent, prospects, and goodwill. There will always be people willing to leverage this inherent value. I'll let you think about that for a while....