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

To: RetiredNow who wrote (52064)	4/23/2001 11:07:37 AM
From: Wyätt Gwyön	Respond to of 77400

Yeah, they pay a dividend. Looks like the yield right now is a little over 2%. siliconinvestor.com

To: RetiredNow who wrote (52064)	4/23/2001 12:21:29 PM
From: Stock Farmer	Read Replies (2) \| Respond to of 77400

Hi Mindmeld - just about fell off my chair following my jaw to the floor... This is kinda what a few of us have been saying for a while. Better late than never. IMHO. The operating cash flows of CSCO (last year, when they were positive) are 1/4 what XOM generates, and yet CSCO is valued at 1/2 or so. Which means CSCO has to grow 2x from last year in order to catch up to where it's price is. Which might be a few years away. Thus, what you have with CSCO is a speculative buy. People are buying now because they want to hold it long term and are confident that it will grow into its current price. But it is very easy for speculation to get ahead of itself. Also, the level of confidence changes with macroeconomic conditions, and thus the intrinsic value of your "purchase" (not an "investment") fluctuates based on situations not at all within your capacity to estimate, or the company's capacity to control. I guess it's all about risk tolerance. John.