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

To: KyrosL who wrote (48327)	2/7/2001 6:59:25 AM
From: noel berge	Read Replies (1) \| Respond to of 77400

Hi All; First time on this thread. Anyone here been through a market down turn before? I mean as an invester? Lived through a bear market? Would be interested in knowing, for such an expereince does temper ones view of the future, New-Economy-Forever and such. With a P/E over 80 at current prices, and growth historically at 50%+, but apparently acknowledged in the conference call to be 30-50% in the coming year... Well, this calls for a price decrease in the short term. Whether the 'market reacts today with upward movement is probably unimportant as Cisco still is too expensive, given the general market trend moving into a bear market. And, I don't know if any of you are reading the papers, leading indicators, etc., but the liklihood of a recession or there about is higher than ever, if not here and the market will take all the high flyers down evn more. Cisco being down 60% since it's high in mid 2000 is Nothing if the market goes south. Cisco is a good buy, if you think the market is heading north. It's NOT. And management has made some mistakes of late. This does not bode well for them. No, Cisco will head south for awhile and so will the market. Buy Cisco when it is down as she is a gorilla and will rebound with a vengance in time, but that time is down the road. The raging bull is a bear and will rage as a bear for some time. Greenspan will not 'manage' a soft landing as the marekt bubble is too large to deflate with just a little interest rate work. Cisco? 20's maybe teens before the year is out. Buy on the big drops and average down or some such will make you rich in time. IMHO, Noel

To: KyrosL who wrote (48327)	2/7/2001 10:08:53 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

although I agree with your assertions about their earnings, I think that Cisco should trade in line with it's topline growth rate. Right now that's at 55%. So the shares should be worth something like (55 * .18 * 4) $39-$40.