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

To: RetiredNow who wrote (51615)	4/17/2001 9:19:31 AM
From: Wyätt Gwyön	Respond to of 77400

well, I am not surprised about this!>> interactive.wsj.com Cisco also said Monday that it would be issuing new stock options to its remaining employees, many of whom have options that are worthless owing to the drop in the company's share price

To: RetiredNow who wrote (51615)	4/17/2001 9:30:59 AM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 77400

I really don't think the stock goes to $3, because book value is ($30B-$3.7 w/o's= $26.3 / 7B shs = $3.7 per share. In fact, I bet it doesn't go below $10 per share. My $3 personal buy target is based on the assumption of a long, drawn out bottom where csco burns through a lot of book over the next several years. This may never happen, but it is the type of scenario that could make me an enthusiastic buyer. I guess we'll see soon enough. All the pain will be in the next 3 weeks. This again assumes all the bad news is out there. But it was supposed to be all out there many times before. JC admits they don't even build a model for what's been going on, so I would submit that forward results will be hard to predict. This means things could be worse than expected, as JC states. I don't know why they say they will return to 30-50% growth though! What is the basis for that statement, unless they mean returning to flatline with Q2.