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

To: MHA who wrote (51206)	4/8/2001 1:48:07 PM
From: elmatador	Respond to of 77399

CSCO will unloading rather than buying. Monterey is a case in point.

To: MHA who wrote (51206)	4/8/2001 10:16:51 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 77399

<<... Cisco should just keep buying companies whether or not it makes sense to buy it.>> heck why stop now - that's what they've always done. How many people on this thread really believe CSCO's accountants? I don't. Victor

To: MHA who wrote (51206)	4/11/2001 7:05:34 PM
From: Don Green	Read Replies (3) \| Respond to of 77399

Tech stocks may take years to return to old highs Wednesday April 11, 3:33 PM EDT By Nick Olivari NEW YORK, April 11 (Reuters) - Investors who bought a technology stock like Cisco Systems Inc. (CSCO) at its peak should not be holding their breath as they wait for a rebound to its old high. They could be waiting for years, judging by the historical returns of one major U.S. stock market gauge. Maybe as much as 16 years for Cisco Systems, the No. 1 Internet networking equipment maker. "Companies like Cisco Systems and JDS Uniphase (JDSU) won't go to pennies, but it will be a long time before they go back to their old highs," said Tim Ghriskey, a money manager with Dreyfus Corp. who oversees $138 billion in assets, including both stocks. Most money managers now acknowledge the technology issues that drove the bull market created a huge bubble in the stock market with investors willing to pay hundreds of times expected future earnings. Now though, with the Nasdaq Composite Index down 63 percent from its all-time high in March last year, more rational minds are prevailing. Using Reuters pricing data, and the average annual return for the Standard & Poor's 500 Index of 11 percent since 1926, Ghriskey calculates an investor who bought JDS Uniphase, the No. 1 supplier of fiber optic components for telecom networks, at its closing high of $146.53 on March 6 last year, will need 21 years to recoup the 87 percent loss based on Tuesday's closing price. The same time period applies to an investor who bought Internet retailer Amazom.com Inc (AMZN) at its peak in December 1999, Ghriskey said. Investors who bought the 10 worst-performing stocks in the Nasdaq 100 index just before they began their decline of the last 12 months have even longer to wait to recoup their losses. An investor in infrastructure software maker Inktomi Corp.(INKT)., the worst performing Nasdaq 100 stock with a 98 percent drop in the last year, needs 40 years to get the money back. The stock of CMGI Inc. (CMGI), which invests in Internet companies, will take 41 years to get back to its old closing high of $163.22. It recently changed hands at $2.47. But even if the stock market, as represented by the S&P 500, gains at its average return, Ghriskey said these stocks will have more of an uphill climb than other shares. "There won't be a sharp economic recovery and some people will want their money back as soon as the stocks recoup some losses," Ghriskey said. "There will be constant selling pressure."