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

To: The Phoenix who wrote (48022)	2/5/2001 5:50:14 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 77400

Barron's was right, they nailed Cisco to the wall and it is sad some people still do not recognize it. Your concern about "sentiment" is understandable. It is just another way of saying you are concerned more people are focusing on the reality of Cisco instead of the dream. What is interesting is that when you get a stock that has true value, it does not matter what investors think because they can drive the stock to low levels, but the co. can buy in shares or pay dividends to reward holders. On the other hand, sentiment is very important to hype stocks that are overvalued.

To: The Phoenix who wrote (48022)	2/5/2001 5:56:10 PM
From: Eric	Read Replies (2) \| Respond to of 77400

Gary In one word..... It's a time thing. Cisco has executed very, very well up to now and we just have to let time go by because so many people are spooked by the first slowdown the economy has had in ten years. A lot of people here were teenagers back before this run happened and they just don't understand what is going on now, they have never experienced something like this! On the plus side is the fact that Cisco is pumping a lot of assets into foreign markets that are in their infancy and look to grow tremendously just by the numbers. Meanwhile technology marches on and we need faster and wider bandwidth connections. Heck I'm stuck with a 26.6k connection because my phone company is still stuck in the stone age! Since I'm an engineer that specializes in this area I have even looked into my own microwave link to the Central office to get a faster connection! There are so many opportunities out there that haven't even been touched yet. All I can say Gary is: "I love creative destruction"! Cisco will do fine in the long run. They are the only company in telecommunications that has executed flawlessly! Eric

To: The Phoenix who wrote (48022)	2/5/2001 6:34:46 PM
From: Jack Colton	Respond to of 77400

LOL! I know a good 'lil Cisco integration firm, with booming business you can pick up cheap. And get a 30,000 ft building along with it. j@gym

To: The Phoenix who wrote (48022)	2/6/2001 3:49:00 PM
From: Zoltan!	Respond to of 77400

Barron's was clearly wrong. But in a Bear Market, even great companies like Cisco go down as people sell to counter losses elsewhere. Measures are being taken to turn the recession away and when things do start to turn around, Cisco will be leading the way. As always.

To: The Phoenix who wrote (48022)	2/7/2001 9:44:53 AM
From: TobagoJack	Respond to of 77400

Hi Pheonix, Your concern about the sentiment as it relates to CSCO is absolutely, and instinctively correct. Sentiment drives the markets, whereas fundamentals only underpin it. One ought not be concerned about the media; serious investors do not pay nearly as much attention to the media as the media would like to. In fact, serious investors prefer that the media succeeds in misleading the unwashed masses down the primrose path, far away from the fundamental values derivable from market share, technology pipeline, free cash flow, and balance sheet potentials. You are again correct that CSCO has so far executed flawlessly, exploiting their early-to-market lead, relentless product upgrades, service and brand building, and of course, the financial engineering allowing the take down and take out of smaller companies. That is now all history, just as Dell’s early innovations are history, and Henry Ford’s fiddling. Competitors are typically not stupid nor inept, except for short periods. Inherently, CSCO has less magical embedded properties when compared to a Disney and a Coke, has many vicious, hungry and potentially equally capable competitors. Given the inherent lack of magic in its products, CSCO will have to fight off not one or two competitors, but many and too numerous to list with ease. The intrinsic nature of electronic goods is that one must run to stay even, generating diminishing free cash flow as more competitors learn to improve their games against the industry bench mark. CSCO is large and requiring increasing cash flow to sustain. CSCO is not and will probably never pay a dividend, leaving shareholders totally dependent on the management to make the right investments to fend off increasingly nasty and capable competitors. All this is happening in an environment of constrained growth of the overall telecom/IP market. The Unreal Tournament on-line shooter game analogy is that 16 combatants are fighting in a constricted space with weapons of area coverage and massive splash damage (rockets and grenades in a hallway), no one can escape damage, and all will get a chance to be taken out with a headshot. CSCO, valued on free cash flow, competitive landscape, and sentiment, is probably worth a premium to its competitors, all eventually trading for 10-12 times free cash flow, placing CSCO a few more 50% cuts from where it is now. What happened to LU will inevitably and invariably happen to CSCO, and that is not accounted for in the current stock price. However, for the market timers, not much point shorting CSCO as there are richer pickings elsewhere.

To: The Phoenix who wrote (48022)	2/7/2001 10:32:00 AM
From: Skeeter Bug	Respond to of 77400

>>Cisco, the No. 1 maker of networking equipment, missed Wall Street's expectations for the first time in more than six years and warned a slowdown could continue for at least the next two quarters, when it issued its corporate scorecard late Tuesday.<<

To: The Phoenix who wrote (48022)	2/7/2001 10:56:38 AM
From: Ben Wa	Respond to of 77400

uh huh.............

To: The Phoenix who wrote (48022)	2/7/2001 11:00:33 AM
From: JakeStraw	Respond to of 77400

>>and continue to take market share from nearly every segment? Aren't companies like JNPR taking market share from CSCO?

To: The Phoenix who wrote (48022)	2/7/2001 12:47:52 PM
From: richard w allgaier	Respond to of 77400

Gary, it was only a matter of time before it got its ass kicked just like all the other tech stocks. Look what happened to MOT. Yea, I know their cell phone sales dropped off dramatically....and so did everyone elses, but MOT has a hell of a 2 way radio business, not to mention software business, but the "brilliance" of the so called WS gurus never see that.. However, presently, those on Wall Street, those who set these so called valuations, need a little window where their belly button is so that they can see where they are going when they have their heads up their ANUS I think the name most of us around here have for the operation is an Optical Recticle Insertion, an operation that some of them really NEED!!!! Rick