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

To: bambs who wrote (44125)	12/5/2000 10:49:45 AM
From: t2	Read Replies (1) \| Respond to of 77400

I agree it is not the powerhouse of old times but it certainly is in high growth industries although you may argue that it will not be able to make its forecasts over the longer term. However, as the stocks with PEs higher than Cisco gain, it will provide a sort of support to Cisco's valuation. PMCS and JNPR have already made huge gains today. That is going to be the basis for a floor on Cisco and its move upward. Similiarly, the internet stocks may rally given that the communication chip and optical component stocks are roaring today. If the PMCS types can keep their gains, I think Cisco will easily clear 50 on its way to 55 and 60. Even the internets look like dangerous shorts if the gains in the high PE chips don't fade away. (i have not checked net stock quotes today) It appears Cisco's gains or losses will be dependent on the gains in these speciality chips ie...the performance of higher PE stocks.