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

To: bambs who wrote (44561)	12/14/2000 9:07:58 PM
From: t2	Respond to of 77400

The CSCO high PE is really the problem in this environment. The stock is being grouped in with the PC types--which may be more of a product cycle issue. NT confirming guidance is going to help but now NT is a lot cheaper than CSCO. Cisco won't be prefered over the cheap semis, where the PEs are now in the single digits and businesses are not doing any worse than the PC sector. It becomes a risk/reward comparison. Value will win out in times of economic slowdown in cases where there is potential for good growth after a slow period. The cheap semis have this potential. Looking for a market bottom soon. I think they will throw in the towel. When I feel bearish, that is usually the turning point and right now I am not confident at all on techs. Just trying to paint a positive picture. When I feel like this, it means we have reached bottom--at least from my past experiences.

To: bambs who wrote (44561)	12/14/2000 9:14:34 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

You keep restating the CSCO PE but historically CSCO's PE has been sub 50 - PRO FORMA... it is high but not as high as you make it out to be and it deserves to be higher than most given their execution. As for CSCO's lending... they have lended $600M of which 80% (I think that was the number) was tier 1 carriers.. furthermore the issue that Bank of England has is in 3G. How much exposure does CSCO have to these vendors??? You haven't answered that - because you can't. You are looking at this sector as one big ball... you can't do that. I especially enjoy how you point to the PC sectors issues and suggest this is bad news for CSCO... or did you lighten up on that one. I noticed you haven't posted MSFT's warning here yet. Bottom line Bambs - you don't understand this issues well enough to draw discrete supportable analogies to CSCO or any other company for that matter. FWIW Bank of England sighted concerns over revenue generation from 3G and exposure to such companies building this infrastructure.. OG