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


To: Wyätt Gwyön who wrote (54710)8/25/2001 9:40:49 AM
From: flint  Read Replies (1) | Respond to of 77400
 
~~~~~"Cisco's business should be bottoming because its earnings are back where they were in 1996," noted one Wall Street strategist Friday.~~~~~~

This can be said about the networking, tech, and telecom indexes. Wishful thinking may mean there is a short term bottom. But the long term growth rate in 1996 was much larger than todays.

Last week I bought some networking companies and short some CLECs that may go bankrupt. Friday turn out to be an amazing day. Time to lock in profits by October reality will set in.

Flint