Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (2769)	4/3/2001 3:55:49 PM
From: cnyndwllr	Respond to of 23153

JimL and Kastel, thanks, I'll read the second half this evening. It makes sense. The question is what effect this will have on the general tech market. Ed

To: ItsAllCyclical who wrote (2769)	4/3/2001 6:27:45 PM
From: cnyndwllr	Respond to of 23153

JimL and Sharp, I found an article that seems to parallel the discussion we were having on the telecoms. biz.yahoo.com <<Chambers said recently that he stands by his projections of long-term revenue growth for Cisco of 30% to 50%, and if he's right, these stocks will eventually recover some of the momentum that has been shattered. I agree with him that the demand for their products is there. Having recently obtained high-speed Internet access at the office, I now find my 56K modem at home to be unbearable. Yet no one seems willing to install it, even after three visits from AOL Time Warner (NYSE:AOL - news), which now seems to be balking at spending the money necessary to upgrade my building. (A recent article on this site made a similar point.) Rather than meet customer demand, companies are cutting capital spending. While this strategy may improve the bottom line this quarter or the next, it's risky in the long term, since in technology, the race may well go to the swiftest. When someone starts spending again, competitors will have to respond by doing the same. All of this tells me that Cisco will rebound eventually, and I feel comfortable buying or owning it and many of its battered suppliers at current low levels. In fact, I feel more comfortable with these stocks at the moment than I do with the ones that have largely escaped the carnage, like the pharmaceuticals and some financials.>> Ed

To: ItsAllCyclical who wrote (2769)	4/3/2001 6:51:04 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

What telecom companies specifically? LU no doubt one of them. Others mentioned?? I'm noticing some of the telecom equipment companies (telecaps ??) have pretty clean balance sheets. I'm with Ed, were seeing panic selling here, high valuation stocks are getting daily 10% haircuts. There is an opportunity in progress to accumulate some serious wealth for the long-term tech investor who has money to put up now and in the near future. IMHO. Added a little more to the IRA today. CSCO and EMC. Also added some KEG ala Frank. The IRA will be 10% invested by COB today.