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

To: SouthFloridaGuy who wrote (49692)	3/8/2001 10:25:12 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77397

NYCB - LOL: "you know the answer on CSCO's valuation, you're just trying to be politically correct" Well, I know what values I get when I throw in assumptions... But I'd rather focus on how to get one than the one I get. For two reasons: (a) if I post inaccurate assumptions, then they will be used to discredit the method, and (b) it's dangerous to have an unpopular opinion on this thread. Doesn't attract thinking as much as it attracts bile. Maybe some posters here think with their livers? <VBG> Commenting on other parts of your post, I don't think pension liability is so big a deal for CSCO as it is for some of the more long-in-the-tooth companies like the big blue chips. I know some tech companies have adopted "roll your own" type pension plans - drastically reducing their own exposure and leaving it to their employees. But you are right that earnings mix has changed. We should see it show up in Q3 results and come home to roost by Q4. John.

To: SouthFloridaGuy who wrote (49692)	3/9/2001 12:55:17 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77397

NYCBoy, here's a little lesson for you on quality earnings. If you get cash from investments vs cash from your salary at some company, would you consider cash from your investments to be of lessor quality since it isn't coming from your core competency as a salaried employee? I certainly wouldn't. Cash in my pocket is good regardless of the source. Now I might call into question the consistency with which I can generate investment cash vs my salary cash, but that's another story. Just something for you to chew on.