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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Doug who wrote (73268)3/25/2001 6:20:04 PM
From: iod_sherwood  Read Replies (1) | Respond to of 99985
 
Sounds about right yes. you will note in my wkend commentary if you get it, that all the SOX components point to a move back down to their lower ranges. there are a few standouts, but of those 15 there... the big weighted ones are all bad...

Don't know if anyone has posted this... but...:

Personally, i think all this is spun wrong.. but think about it... say CSCO doesn't grow their revenues for the next year or so, the keep selling new routers..etc..etc.. doesn't mean the networks are growing. i mean, once you buy a router, you probably don't need another for a few years... if not longer... so over time, things are still growing.. CSCO has become "that big"....

maybe it should be valued like a F or GM soon??? who knows ;-)

^sherwood

groups.yahoo.com

news.ft.com


Cisco chief warns US downturn is set to continue
By Edward Luce and Louise Kehoe in San Francisco
Published: March 25 2001 19:39GMT | Last Updated: March 25 2001 23:03GMT



The US economic downturn will continue for "at least three more quarters" and possibly longer, according to John Chambers, the chief executive of Cisco Systems and one of the leading business executives in Silicon Valley.

Mr Chambers said in an interview with the Financial Times that the outlook for the US economy had deteriorated significantly since Cisco - the leading supplier of computer networking equipment - warned in January that it expected the downturn to last for two quarters or more.