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

To: Jacob Snyder who wrote (49541)	3/1/2001 8:36:34 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 77400

AMAT, EMC, CSCO, TXN, QCOM all will grow EPS at >20%/Y. You forgot the qualifications relating to quality of earnings. As I recall, QCOM, in a recent quarter, had something like 20% of its earnings coming from investments. I don't give a company too high a multiple for T-Bills. And let's not discuss the options situation at CSCO again. Since all of the above companies have lowered guidance/warned/etc.etc. over the near term, I don't see how you can be so confident of their performance over the next five years. This future is not just possible, it is highly likely. The future is inevitable, unless you are a massless, ageless photon living in the Eternal Now. But profits in the future are never assured. Your doomsday scenarios are just the mirror image of the NewEconomy hype of 1999-2000. ROFLMAO. What doomsday scenarios? I profited from the mania, and took steps to protect those gains. I am sorry if you didn't manage those two steps, but you will have to look elsewhere for goldbugs and mattress-stuffers. Things will RevertToTheMean. And the Mean is pretty good. You should really read Jeremy Grantham's essay on mean reversion. You might be less sanguine on where the mean trend lies.