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

To: JakeStraw who wrote (51118)	4/6/2001 1:03:26 AM
From: john dodson	Read Replies (3) \| Respond to of 77398

<in his best Maxwell Smart voice> "well, would you believe delisting from the Nasdaq?" Ha Ha. It's funny how historians incessantly chirp about history repeating itself. Then, lo and behold, it does just that. Well, the market's almost as simplistically predictable on the larger scale. Overdone on the way up and overdone on the way down. It just keeps repeating that theme, like a broken record. You'd think that we "investors" would catch on after a while, but we don't seem to (myself included). A constant through the market's ebb and flow, however, is that "this to shall pass." Simple to say, tough to remember and even tougher to actually believe. Cisco may very well make more new yearly lows, but would anyone be surprised if it didn't? This company has mounds of free cash, is the networking behemoth that has time and again shown their metal, the management is easily up to the task, their fate is tied to internet infrastructure (like that's gonna go away anytime soon), has the midas touch with partnering/buying the right startups, and any time the market even thinks about ticking up CSCO is right there leading the charge. Sure there are lots of negatives right now with both this stock and the market (bloated inventory, declining revenue/earnings forecasts, almost no visibility, and on and on). It wouldn't be trading at 14 bucks if there weren't. But if you're really a long term buy and hold investor, I don't think it gets much better than this. The objective is to make money over the long term, right? Could definitely be wrong, but I'm betting that buying CSCO at $13-$14 is gonna look awfully sweet a year or two out. Time will tell... Good luck to all, John