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

To: Tulvio Durand who wrote (48695)	2/9/2001 2:58:23 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 77400

In my humble opinion, the 7c of extraordinary gains are OK for a multiple of 1 or 2; not 80. that would bring the stock closer to my long-term-investment-grade buy target of $6.

To: Tulvio Durand who wrote (48695)	2/9/2001 3:03:57 PM
From: bambs	Read Replies (1) \| Respond to of 77400

The difference 7c must be good for something. not for calculating p/e... but good for making people hold on to the stock.. bambs

To: Tulvio Durand who wrote (48695)	2/9/2001 3:28:54 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 77400

11 vs. 18 cents: The important question is: is the extra .07 quality earnings? That is, can we expect those earnings to continue reliably in the future, or is this a "one-time" event? All the big techs (Microsoft, Intel, etc.) have large investment portfolios, which makes their own stock somewhat like a mutual fund. Those investments are in the same type of company that Cisco itself is: high-growth, high-valuation. My opinion is that that investment income is likely to continue into the indefinite future, and those earnings are probably just as reliable as earnings from their core business. So I think it's fair to count them.