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

To: bambs who wrote (40588)	10/11/2000 1:52:07 PM
From: Eric	Read Replies (1) \| Respond to of 77399

Nope. I retired in 1983 on what I made in the market back then.

To: bambs who wrote (40588)	10/11/2000 3:23:35 PM
From: The Phoenix	Respond to of 77399

Something else to consider... LSI sees no weakness but rather strength in its business according to Wilfred Corrigan on Bloomberg October 11, 2000. quote.bloomberg.com. Excerpt from Wilfred Corrigan October 11, 2000: On the semiconductor business, ``all this nervousness about the third quarter; I've never seen such a strong third quarter. ``If there is any weakness, it typically starts in Europe,'' because Europeans typically go on vacation in August and so the industry is accustomed to shutting down or partially shutting down plants around that time, he said. ``I haven't seen that this year. I haven't seen any slowness in Europe.'' ``The semiconductor business is as strong as I've ever seen it. The cycles in the business are not exact; they are typically either four or six years. So are we 18 months into a four-year cycle or 18 months into a six-year cycle?'' Also ``two things have happened that change the nature of this cycle. The semiconductor business has become much more a worldwide business, and PCs are no longer the dominant factor. These cycles were typically driven by PCs. Now it is much more the communications business,'' wireless in Europe and networking and optical equipment in the U.S. ``The semiconductor industry will be up 35 percent this year in sales, and earnings will be up a lot more on a percentage basis. Next year will be a similar sort of year.'' Regarding Intel Corp.'s recent announcement of slowing sales in Europe, he said the test for whether this is a true indicator of the semiconductor market will be the results of its rival Advanced Micro Devices Inc. ``Companies in communications or storage are not really affected by what Intel's doing,'' he said. ``The telecoms build- out is replacing the infrastructure of the last 100 years. That's all happening now. I see no reason why that's going to change.'' ``I think the industry earnings numbers when they come out of the next couple of weeks are going to reflect that there is no slowdown. ``The reaction of the stock market is difficult to explain on a rational basis. If people want to believe that things are negative, they will rationalize everything that way. Almost anything that doesn't support their thesis that it's negative will be ignored. Ultimately, the facts will out.