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

To: Stock Farmer who wrote (49880)	3/12/2001 9:02:45 PM
From: 45bday	Read Replies (2) \| Respond to of 77397

Hate to sound naive, but can a rate cut of 1/2 pt or a whole pt at this stage make that much difference.

To: Stock Farmer who wrote (49880)	3/12/2001 9:23:45 PM
From: Monty Lenard	Respond to of 77397

Hi John, another point of view. siliconinvestor.com Only last year, Cisco was the focus of speculation it would pass General Electric Co. and Microsoft Corp. as the world's most valuable company by market capitalization and become the world's first trillion-dollar company. Cisco was briefly No. 1 last March, sporting a value of about $550 billion, but its value has plunged to about $130 billion. It doesn't even make the top 10 now. "Good companies selling at high valuations are not immune in this market. It is the high valuation of Cisco that's dragging the stock down," said Tim Ghriskey, senior portfolio manager with mutual fund company Dreyfus Corp. THINGS COULD GET WORSE Analysts and mutual fund managers said things could still get worse. "In the past Cisco was growing, crushing their competitors and had a high return on capital," said Robertson Stephens analyst Paul Johnson, who added the stock could sink as low as $10 a share. "In the current environment, they're not growing, they're not crushing their competitors any longer and they have a significantly weaker return on capital." Monty

To: Stock Farmer who wrote (49880)	3/13/2001 12:55:16 AM
From: Rob S.	Respond to of 77397

There is nothing very wrong with the "market" or the economy. There is no recession. All that there is is the bursting of bubbles. Come on, we all knew that the tech stocks were priced higher than they had ever been in their history. The multiples on the NASDAQ were about twice a high as it had ever gone before and that was only because a few hot darling sectors and specific big cap tech stocks distorted the overall figure. In fact, most of the rest of the market was in a recession UNTIL THE COLLAPSE OF THE DARLINGs starting last April. While the darling techs were going south, retail, oil and gas, and some other depressed sectors started to recover. Even now the S&P mid cap and S&P small cap indexes are up over 10% from a year ago. "nothing has been lost to the world" except a great amount of capital and human resources were thrown wildly at worthless Internet and other tech companies. I'm not suggesting Cisco is nearly worthless but I am suggesting that even Cisco squandered capital by risky financing of sales, over-expansion, and the high prices paid for some acquisitions.