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To: Boplicity who wrote (30608)	2/6/2001 11:27:33 PM
From: stockman_scott	Read Replies (2) \| Respond to of 65232

Greg: Here's a little investing humor for ya... dilbert.com BTW, What a difference a year makes...just over a year ago we had the Dow at 11,450 and the Nasdaq at about 4150. A few weeks ago there were some distinguished economists who were on a panel in Chicago. Wayne Angel (a former member of the Fed Board of Governors) is now Bear Stearns Chief Economist and he noted that the Fed 'made a huge mistake' on December 19 when they failed to cut rates. They waited too long and now they are trying to play catch up. He also said that capital spending dropped to 9 percent from 18 percent of the gross domestic product. This is currently affecting all sectors (including the tech arena). It will take a few quarters to jump start the economy's momentum again. IMO, we might be better off without the Fed --> they tend to be behind the curve and make our economic cycles more pronounced. Best Regards, Scott

To: Boplicity who wrote (30608)	2/6/2001 11:38:19 PM
From: stockman_scott	Respond to of 65232

The Enterprise may be slowing (for now)... Look at this CacheFlow announcement....sales cycles are getting longer and sales are slipping... _______________________________________________________ UPDATE 1-CacheFlow revenues slip, cutting jobs (adds CEO comment, share price) SAN FRANCISCO, Feb 6 (Reuters) - CacheFlow Inc ,,(NASDAQ:CFLO), a data storage maker whose systems boost Website performance, said on Tuesday sales fell in the third quarter from the second and missed forecasts it had lowered last week. CacheFlow will cut its work force by 10-15 percent and chief financial officer Michael Johnson will also step down, the company said. President and chief executive Brian NeSmith blamed the loss on economic weakness and changing buying trends by customers switching to more costly systems but taking longer to make purchases. "A lot of this is due to buying cycles and time frames," he told a Banc of America conference, where he forecast flat sales sequentially in the fourth fiscal quarter and said the company would not comment on longer term targets. In the fiscal third quarter that ended Jan. 31, the company posted a net loss excluding items of $18.3 million, or 49 cents per share, vs. a loss of $7.2 million, or 24 cents a year ago. Analysts had expected a loss of only six cents per share before February 1, when Sunnyvale, Calif.-based CacheFlow scaled back revenues projections to $20-21 million, half expectations at the time. Expectations before the Tuesday results announcement were for a per share loss of 44 cents, according to First Call/Thomson Financial research. The news was a surprise to Wall Street, where storage companies have been better treated than most technology companies on expectations corporations would continue to buy disks and appliances to store data. CacheFlow markets heavily to companies needing streaming video and other rich media configurations. The firm's shares dropped 28 percent to $10-1/16 on Nasdaq. the shares have lost nearly half their value since late last month and as recently as last September traded for $157. CacheFlow said it expects fourth-quarter revenues to be flat from the current quarter, and that its fourth quarter pro forma net loss will be between $14 million and $16 million. It will also take a one-time charge in the range of $2 million to $3 million.>>

To: Boplicity who wrote (30608)	2/7/2001 12:08:35 AM
From: stockman_scott	Respond to of 65232

Even Cisco's Not Immune from Slowing Economy Tuesday February 6, 10:11 pm Eastern Time Morningstar.com By Jay Ritter ____________________________________________ What Happened? It was bound to happen. Cisco (Nasdaq: CSCO - news) finally missed a quarter. The networking equipment giant reported earnings of $0.18 per share, up a solid 50% from the prior year, but $0.01 per share less than the Wall Street consensus. Revenues of $6.7 billion were up 55% from last year and up 4% from the October-quarter. Again, this performance was extremely strong--but weaker than most published estimates, and a noticeable deceleration from last quarter's incredible 66% growth. Cisco lowered near-term guidance as well. Revenues for the next two quarters are expected to be flat to down slightly from the January quarter, while earnings will be pressured by higher inventory carrying costs and a modest increase in operating expenses (at least until the company's hiring freeze takes full effect). The company expects revenue growth of 40% for fiscal 2001 (ending July) and, assuming a rebound in the U.S. economy later in the year, healthy 30%-50% top- and bottom-line growth for fiscal 2001. What It Means for Investors While Cisco's earnings miss and near-term outlook are disappointing, the news is not all that shocking. After all, earnings blowups at most of its major competitors (as well as assorted other tech bellwethers) and recent cautious comments from CEO John Chambers were obvious tipoffs. It's not Chambers' fault that analysts' estimates have barely budged since he began throwing cold water on the firm's previous guidance based on signs that the U.S. economy was slowing much faster than expected. While the shares will undoubtedly react poorly to the announcement, we think most of the bad news was already baked into the stock. While investors will likely focus on some of the negative aspects of the announcement (including disturbing capital spending trends in the U.S., declining profit margins, and higher than normal inventories), we would emphasize that there were a number of positives as well. For one, growth in the company's international operations remains extremely strong, which should offset much of the weakness in the U.S. In addition, Cisco is experiencing strong growth in a number of important product areas--such as high-end routers and optical networking--and several important new product introductions should provide further momentum in these areas. Perhaps most importantly, the company hasn't lost sight of the huge long-term opportunities that are in front of it and we are confident that Cisco's management team is up to the challenges that it faces.

To: Boplicity who wrote (30608)	2/7/2001 9:52:07 AM
From: Dalin	Respond to of 65232

Like I said....it'll happen. It may take awhile, but it will. Why bother coming online at all..... Your still here....... ........besides, without the internet, how could I go off into cyber space with my group of buddies and pretend to be a world war II ace battling the Huns in Fighter Ace. Nothing like it to fly along with a force of about 10 P51's heading to a German base, bombing and strafing, taking out some Tiger tanks, knocking a ME109 or Junker out of the sky, and laughing with the German pilots afterward. Great stress relief!!! <g> I have been killed more then I have kills, but I'm getting better. I'm up to 2nd Lt now.......In da Zone! zone.com ...oh, and then there's email............<gg> :0) Ramblin Big Kid!!