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

To: kvkkc1 who wrote (56774)	1/17/2002 12:09:35 PM
From: Dave	Read Replies (1) \| Respond to of 77400

irrationality is a portion of the market. Valuations increased, the sec allows corporations to present "pro forma" numbers, etc. With the commerialization of the internet, one would think investors would get more "sophisticated", however that is simply not true. Too many "investors" got too carried away regarding market returns and chased stocks; valuations got way out of whack causing people to think that stocks should trade at double and even triple digit multiples of N+5 earnings expectations....