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

To: Graystone who wrote (52856)	5/11/2001 12:01:55 PM
From: yard_man	Read Replies (2) \| Respond to of 77398

soem new technology will obsolete what he have? IS that an earthshaking prediction? My point is you can't throw money at the sector and expect to make money near-term -- sure at some point everything will be digital, but not at current prices under the current economic environment -- CSCO won't see 30% growth in revenues for the next 2 - 3 years -- unless you count bouncing back from sales that have contracted severely -- e.g. J6P is not currently in the mode where he can pay for cable access to the internet -- I know some that have it, but the liklihood of it being adopted by the majority (or some other high BW equivalant) who have internet service at a price of $40/month is unlikely -- the reverse is likely --when push comes to shove this is the kind of thing that will be dropped ... CSCO's business is cyclical 2 -- demand for it's products have fallen with business needs and couldn't grow at a pace to outstrip the growth of the economy in general except in the early years -- the early years are done. It's not enough to know that technology will change and will be adopted to make a wise investment decision