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

To: Wyätt Gwyön who wrote (49546)	3/2/2001 7:52:17 AM
From: GVTucker	Read Replies (1) \| Respond to of 77400

Mucho, RE: You should really read Jeremy Grantham's essay on mean reversion. You might be less sanguine on where the mean trend lies. Good to see Jeremy's name bandied about on the thread. The man is one of the brightest investment minds around, and yet few people know who he is. Regarding CSCO, I'd say that a 5 year growth rate of 20% is highly optimistic. Growth to FY01 will definitely be under 20%. In fact, given that earnings haven't grown for a year now, the growth number will be closer to 0 than it is to 20. After 1 year of zero growth, it will take 4 years of >25% growth to achieve the 5 year growth rate of 20%, ambitious indeed.