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

To: The Phoenix who wrote (41563)	10/26/2000 8:38:07 PM
From: t2	Respond to of 77400

Gary, I watched that Chambers CNBC interview again. He stated the market they are in is expected to grow in the 30 to 50% range and maybe it is even above that. Maybe above the upper range is indirectly talking about the current quarter...that is my take on it. Now if their big competitor in routers is JNPR, which has revenue of only 200 million last quarter......it makes you think who is going to get the bulk of the revenue. Also they are number 1 or number 2 in so many markets according to Chambers in their target market. Again...it makes me think they will beat earnings and revenue expectations. In addition, things will probably improve these last 3 months as Europe gets off its summer vacation. Looks really good to me--i bought lots more today. My feeling is that the market will see what Chambers is indicating and run up the stock ahead of its earnings in due in 2 weeks and probably rally the stock afterwards in a friendlier than October market environment.

To: The Phoenix who wrote (41563)	10/26/2000 9:10:15 PM
From: bambs	Read Replies (2) \| Respond to of 77400

since you and I made are calls csco hasn't traded over $72. I love this quote of a quote from Fleck tonight. The P/E on the NDX is still 119. This is 4 to 6 times too high in good times. . .and times ain't good. People are fixated on the NDX all time high (i.e., we've already had a bear market) and 3000 for the NDX future, which has "held" three times (and therefore suggests at this level the market sees "value" in the NDX). Stupidity. The P/E on the Nasdaq bubble will end up the same place all post-bubble P/Es do, at historic lows. I know, I know, it's P/E to growth, or price to cash flow, or price to something else that is the relevant multiple for these new kinds of companies. Nonsense. The output of every business is not goods (optical, laser, communications, or otherwise) or services, but m-o-n-e-y. Profits, properly measured. Define value and productivity. The rest is all Wall Street wet paper bags. Beautiful. Bambs