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

To: Kevin Podsiadlik who wrote (53633)	6/14/2001 10:18:19 AM
From: GVTucker	Read Replies (1) \| Respond to of 77400

Kevin, $5 may have been where the stock was in 1996, but remember that you had about 1.5 billion fewer shares back then, too. A $5 stock nowadays would still give Cisco an additional $7.5 billion in market cap over 1996, or about 5% annually.

To: Kevin Podsiadlik who wrote (53633)	6/14/2001 10:23:55 AM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

Hi Kevin - >>$5 was where this stock was in early 1996. Just to try to supply a sense of proportion here<< Good point. I'll be clearer: that's why my label of $5 for a price of CSCO is "extreme". However, previous manic bubble poppings have given back 5 years of gains. P/B, P/S, P/E etc. ratios and ROE could all support $4-$8 in a distressed market. Economic gravity is pulling us in that direction. I'm not trying to kid anyone that it's all about some extrinsic "value". Example: there are a whole bunch of funds that would be denied holding CSCO based on their "rules" that get triggered at prices starting around $14 and below at current share count. This presents artificial propping of the stock price. We're already in that zone. That's why the price action is so goofy. Nothing to do about J6P or price 5 years ago... IMHO. I'm staying clear, having no intent to be the friction-grease in the gears of the big guys' machine. John.