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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (3686)	4/4/2001 6:09:18 PM
From: John Pitera	Respond to of 33421

EBAY is an expensive company no doubt. NVDA fell nicely today. is their an E-Pawn shop out there..? If so they gunna be bizzzzzEEE too!! LOL I'm sure you are right. Cramer on the CSCO-- Monterey Systems deal: --------- Cisco Could Be Routed Over Costly Monterey System By James J. Cramer 4/4/01 6:02 PM ET r. The big router system, the giant Greenfield routing system that was at one point the craze of the new telco companies, the Monterey system from Cisco Systems (CSCO:Nasdaq - news - boards), is being written off, apparently lock, stock and barrel. Ouch! Less than two years ago, during the halcyon days when Cisco's stock traded at $68, it offered 7.3 million shares to buy the private Monterey company. The Monterey system was meant to be a whole new router system for the new telco providers that were supposed to take the world by storm. It was the ideal product for the brand new phone companies that were going to destroy BellSouth (BLS:NYSE - news - boards) and SBC Communications (SBC:NYSE - news - boards) and AT&T (T:NYSE - news - boards) and WorldCom (WCOM:Nasdaq - news - boards). Oh well. There is only one problem. Cisco lent some of these companies gigantic amounts of money to take Monterey, which was a multimillion-dollar product. Now we will have to have a whole new round of worry about vendor finance and Cisco and how much it will have to write off to those who purchased this system. Not getting any easier yet.