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

To: Mark The Trader who wrote (49888)	3/12/2001 11:08:23 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77400

Lots of gloom out there. I am starting to hear a lot of panic, a lot of people starting to believe the worst-case they can imagine. Makes me want to buy some out-of-the-money LEAPs. No.......I think I'll wait until CNBC talks all day about margin calls.

To: Mark The Trader who wrote (49888)	3/12/2001 11:29:32 PM
From: SouthFloridaGuy	Respond to of 77400

Lets think about this, even in a worst-case scenario where CSCO has zero growth over the next year that price is target is to low. Worst-case scenario could be eventual bankruptcy; it could be negative growth for five years - you are not to say. Choose your words carefully. I suppose you think the Nasdaq will go to 1000 also?? I for one have gone on the record and said we will see sub-1000 Nasdaq. Soon these stocks will be considered "value stocks" at these prices. Value generally refers to a stock being undervalued as compared to its growth rate. Clearly CSCO is exhibiting no growth and tremendous volatility and SHOULD not be afforded a high PE as it has been proven it is not a "steady" grower. It has also diluted its stock tremendously through stock option and pooling for acquistions. A 15x PE is generous by any measure for a stock like this.