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

To: bambs who wrote (41519)	10/26/2000 10:58:50 AM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

Bambs, This is a frequent issue with you. The communications sector continues to be very fluid - lots a start-ups - IPO's - acquisitions - mergers. It's unlike more established sectors where there is very little of this activity. Growth rates are far more accelerated as well.. PE is perhaps not the best measure of a company's health or liklihood of success. In this environment many of the "big dogs" are buying up technology and these acquisitions have a short term cost which must be written down. After the costs are exhausted you're left with a company that is a strong going concern with excellent engineering talent allowing continued execution. So, wrt to the "E" in NT's PE they are writing down what appear to be some good acquisitions which will help them to continue to excell in the optical space. (Bay is suspect.) When these costs are exhausted (I think they use a 3 year straight line method) then the earnings from operations will look purt darn good. Remember - buy low - sell high. ;) At 40%+ revenue growth and trading at 4.5 times revenues.. looks pretty good to me.... again long term... not a day trade.

To: bambs who wrote (41519)	10/26/2000 12:54:54 PM
From: Eski	Respond to of 77400

What Happened To All The Bulls? By Lewis J. Borsellino October 26, 2000 11:45 AM EST The equity index complex was unable to sustain its positive open this morning, as sellers quickly regained the upper hand. The question moving forward is where this will stop? If the NDZ continues its selling, it would not suprise me to see that spill over into the SPZ and DJIA. If this were to occur, we could see a panic-type sell-off that would lead us through our recent lows. One of the points I made a couple of weeks ago centered on the oversold conditions of the Nasdaq. At that time, the Composite Index was, on a closing basis, 21.8% below its 200-day moving average. The greatest such extension since the index came into existence. The two other events when the index exceeded 15% from the moving average were the Gulf War and the Asian crisis in 1998. What is bearish, I argued, is that this time there is not an external event leading us lower. In other words, this is old-fashioned selling, and there is little doubt that the market is now forecasting a recession in our economy's near future. Now that I am off my soapbox, I'll give you my forecast for the rest of the session. Watch for a final-hour rally in both the NDZ and the SPZ. If this fails to occur, the SPZ should trade towards the 1280 level over the next couple of sessions. If the SPZ can get above the 1375 level today, go with it and look for the session highs to be taken out.