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

To: The Phoenix who wrote (45488)	12/29/2000 8:00:09 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 77400

Nortel Ships All-Optical Switch Nortel Networks Corp. (NYSE/Toronto: NT - message board) has confirmed that its all-optical switch –- the Optera Px, derived from its $3.25 billion acquisition of Xros earlier this year -- is now in trials with an unidentified carrier. This means that at least three vendors – Corvis Corp. (Nasdaq: CORV - message board), Lucent Technologies Inc. (NYSE: LU - message board) and Nortel – now claim to have all-optical switches in trials. Lucent appears to be the furthest ahead in some respects. It shipped its Wavestar LambdaRouter to Global Crossing Ltd. (Nasdaq: GBLX - message board) at the end of July, and it’s been carrying live traffic in trials on Global Crossing’s transatlantic cable since September 22. At that time, Lucent issued a press release saying that the LambdaRouter would be carrying commercial traffic by the end of this year – in other words, around about now (see Lucent Switch in Transatlantic Test ) At press time, however, we weren’t able to confirm whether this is happening on schedule. Corvis shipped its first all-optical switch to Broadwing Communications (NYSE: BRW - message board)in October (see Corvis Delivers All-Optical Switch ). However, it’s tough to ascertain whether it’s still undergoing lab trials or whether it’s started carrying live traffic (see Corvis: Time to Come Clean? ). Corvis’s switch probably comes closer to being genuinely all-optical than Lucent’s, because it forms part of an all-optical package that includes transmission equipment and net management software. Lucent’s LambdaRouter switches light without converting it into electronics, but it isn’t integrated with a transmission system. As a result, light probably has to undergo a conversion when it comes out of the LambdaRouter. In practice, however, carriers may want this anyhow, to help them manage their networks Optical Illusions ). Right now, not much is known about the trials of Nortel’s Xros switch. The vendor is hoping to keep its powder dry for a possible press release when and if the carrier agrees to publicity. Xros made a big splash earlier this year by claiming that its switch could scale to 1,024 by 1,024 ports – but has yet to prove that it can conquer the challenges of making such a large scale switch work in practice (see Xros's OFC Splash Was All Wet ). Lucent says its LambdaRouter can scale to 256 by 256 ports, while Corvis claims a modest 6 by 6. -- Peter Heywood, international editor, Light Reading lightreading.com lightreading.com

To: The Phoenix who wrote (45488)	12/29/2000 8:07:15 PM
From: bambs	Read Replies (2) \| Respond to of 77400

Gary...to be frank...I do enjoy sticking the FACTS in your face...You deserve it. Maybe you should take the time to go back and read the discussions we had in the spring...how we argued on and on about csco and the reasons why it should go to $35 this year not $100. How it will be dead money for years not a long term buy...maybe you should read your posts through out the year and see if you can understand how I could possibly enjoy seeing you eat your words. At least you are big enough to admit that you were wrong. I was right and not for all the wrong reasons like you choose to state. I was right and for a combination of all the reasons I stated this year. The market is not a simple thing...many factors lead to the sell off in the nasdaq and csco. I think I covered most of they through out the year. You said that the articles I posted were garbage and that everything one needed to see was in the sec filing...you argued all year with every point I raised. When I was finally proven right by csco trading down to $35 and the Nasdaq 2500, you had the balls to show up here and say that I may be right but for all the wrong reasons. I challenge you to explain why csco and the nasdaq sold off. I think you will find that you will list the reasons I gave starting back in the spring and VALUATION, P/E, and FUTURE EXPECTATIONS OF GROWTH is biggest reason. Even if csco grows to have 100 billion in revenue in ten years and then has a growth rate of 10% with margins of 10% it would deserve a p/e of 15 and would trade between $10-15 in 2010. The numbers don't lie...I have listed many reasons why csco was and is doomed to failure in share price. This list stands...the market cap doesn't make any sense. 15 times revenue for a company this size is insane. You will find out the hard way that we are in the start of a long bear market...it will hit the dow and s&p next year. As for why I don't short csco and hold? If I just shorted csco once at $70 and waited all year I would have only made a 50% return. I am a trader and I invest in cash each night that gets me 4.5%. I trade during the day and have pulled a 350% return on my equity this year. I will be longing and shorting all next year...you can bet on it. Biotech and financials are ripe for the shorting next year. It will be many TA trading though. As I expect that most of the moves in the sector will come on no news just price action. Bambs

To: The Phoenix who wrote (45488)	12/29/2000 10:29:09 PM
From: Monty Lenard	Respond to of 77400

This year utilities outperformed techs (heck everything did) and "very few folks" would have guessed that in February. The ones that didn't had their heads in the sand. I think that more people than you think figured it out long before you did. "You were lucky to have called this one " Gary, that is pure BS and you know it. The man said why so many times (as did others) but all you and others would do is make fun of and attack him. "Bambs, finally, you may have been insulted last year but you dished out far far more than you took" You need to go back to the beginning and see what you and WWE did before you say that. I doubt you will because you know you are not being truthful as you have not been truthful with some of your "so called" trades. Gary, that is the most "sour grapes" post I think I have ever read. You just can't stand it can you? You were so dead wrong it is not even funny and because you did not know what you were talking about and because the SOMETIMES put out a good LINE there are probably people who listened to you and lost money. You need to look at yourself a little closer. Maybe another name change will help? Monty

To: The Phoenix who wrote (45488)	12/30/2000 11:11:53 AM
From: PMS Witch	Read Replies (2) \| Respond to of 77400

It's been an interesting year for investors. We've seen some pain, some gloating, some support, some bashing, and now, some congratulations. What I haven't seen much of is explanations about why people are so surprised to see CSCO's traditional five-year decline arriving five years after the last one. We're too busy pointing out how smart we were to have been long for the spectacular and entirely predictable appreciation years, or short for the equally predictable periodic declines, to question ourselves if we are wise or merely lucky. Many participants on this thread, and I count you among them, are much smarter than I am. If I relied on brains, I'd starve. However, I know my limits, and I know I cannot time the market, and hence, do not attempt what, for me, is a one way ticket to poverty. Sure, my buy and hold strategy has its weaker periods, but since I'm both ahead one-thousand fold for the last decade, and not particularly greedy, I accept the punishment of these declines as part of the price of a buy-and-hold participation for the next decade. I no longer use margin or options: I don't need the money, anxiety, or extra recordkeeping. My strategy is simple, hold what I have, selling a few shares every couple of years for living expenses, and expect a disappointing year to follow four or five spectacular ones. Anyway, thank-you for your participation on this thread. Your opinions and insights in general, and CSCO in particular have great value. Your attempts at restoring civility to this thread are appreciated as well. Have a great New Year, and the best in 2001. Cheers, PW.