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

To: SouthFloridaGuy who wrote (48475)	2/8/2001 7:33:40 AM
From: kvkkc1	Read Replies (1) \| Respond to of 77400

Maye it's because their growth rate dwarfs any other comparable size companies even though they just suffered their worst quarter in the history of the company. Sometimes you really come off as a goofball. Even though analysts like your roomie have now started using sequential growth as the benchmark, they're going to be in for a lot of low times if the economy doesn't pick up. Sequential worked well in a growing economy, but I think YoY will be back in vogue soon. Any recommendations based on sequential growth in cmoparison with the last few years will make analysts look like bigger fools than they already look like.knc

To: SouthFloridaGuy who wrote (48475)	2/8/2001 4:22:43 PM
From: Sabrejet	Respond to of 77400

SO, sorry to not reply! I do agree with you on the fact that just because a stock drops, say, 50% it doesn't warrant a thing! Indeed that is true! I ended my note yesterday citing the p.e. of the Naz still being around 96. That is still absurd! With that said, there are some stocks that still, even through a drop off that we are experiencing, that will demand a high multiple. CSCO, in my opinion, will always demand a high multiple because they are a leader in a non-"commidity" industry. I still can't predict where the market will be in 6 months. Nothing surprises me anymore and under these economic conditions, I would be foolish to state an exact bottom in the NAZ without more action by the Fed. I'm not sure the next 50 bps will be even remotely close to being enough. Consumer confidence stinks and it's just now starting to get worse. Margin debt is still way too high and consumer debt is still, way off the norm. When those two start to look normal, I don't care what spin ANYONE puts on it, we are still in the soup! Sabre!