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

To: Victor Lazlo who wrote (50908)	4/2/2001 10:01:43 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 77400

RCA - (replace MSFT with CSCO) Radio Corporation of America (RCA) was Wall Street's darling high-flyer tech-stock of the 1920s. It made many investors and speculators millionaires. The RCA stock market symbol was known alike by bankers and barbers from New York to San Francisco. It had a virtual lock monopoly on "wireless" communications for the masses. There was no serious competition in sight. In essence RCA was the leading-edge of the high-technology of the day. Undoubtedly, it enjoyed the same dominance in its field as Microsoft commands today in Operating Systems and related peripheral software. In the five years prior to the Great Crash of 1929, RCA stock soared from about $11 to its September 1929 high of $114 (adjusted for the 5 for 1 stock split in February of that fatal year). That's an appreciation of 936% in only five years -- equal to an annual compound return of a monumental 60%. Also unbelievingly incredible was the fact it never paid a cash dividend! Investors didn't care, since the stock value increased almost daily. At its 1929 peak RCA boasted an astronomical price/earning ratio of 72:1.