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

To: Stock Farmer who wrote (48131)	2/6/2001 1:44:09 PM
From: Eric	Respond to of 77400

John Good post! A lot of us has known for a long time that this is an expensive company. When I first invested in it about 8 years ago my dad helped me with the decision. Sometimes you have to pay a premium for growth. That has almost always been the case in the investment world. If your lucky at the beginning you can find it before a number of people push the price up. Cisco has probably experienced the bulk of it's easy growth but the company has continued to confound the so called experts that said it could not continue. The key reason for this is probably the growth potential of the Internet to continue to restructure communications in the world and the ability of the companies management to execute. So far both have panned out. We are now in a slowdown in this country. The rest of the world is a different picture. For me the big question is how long will the bear run? The Fed and possibly congress is undermining the bear and eventually it will turn into a new cycle of which may even be happening at this time. I'm optimistic on the future, some on this thread are not. A few have articulated good reasons for not being optimistic and I respect those views even though I don't share them. May everyone live long and prosper... Eric

To: Stock Farmer who wrote (48131)	2/6/2001 3:08:56 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 77400

... let me also acknowledge that many of the true longs have heard words like this before in the past, many times. If they had listened to words like this back then(see the thread header for example) they might not have enjoyed such a nice ride to wealth. ... The question one must always ask is "is it different this time"? That sums it up very well, John. I've been long CSCO since 1992 and in that time have taken 50% hits and watched it recover and go on to higher ground. I believe it's not different this time, though it may take longer to turn around this time. The reason I'm so sure is that even if Cisco does nothing to reinvent itself, but just keep plowing along the internet infrastructure business it is assured 30% plus revenue growth for next several years similar to the growth of Internet. It's forays into the optics telecon world, etc., will simply add to that. But you're also right that smaller and therefore nimbler companies will grow faster than Cisco. But the greater upside potential also comes with it greater volatility and risk. Balancing it all out CSCO seems a good LT investment at these levels. Nice post, John. Tulvio