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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (42945)	2/6/2002 8:25:35 PM
From: quasi-geezer	Read Replies (1) \| Respond to of 208838

<<Have you looked at CSCO? The actual figures? Do you see HOW they made these numbers? Do you understand what their market cap is in relation to their figures? >> Can I answer the questions for Mr. Gore - No, No, No and No ... I remain fallen_cowboy !!!

To: SOROS who wrote (42945)	2/6/2002 8:35:47 PM
From: Dave Gore	Read Replies (3) \| Respond to of 208838

Soros, you may be right, logically, but whether the Market decides to THINK and ACT logically is another story. Remember there are many, many overvalued companies out there. A fairly large percentage of techs are losing money and their stocks typically have been going up when they announce earnings that show a "narrower loss" than expected (i.e. 23 cent eps loss versus 26 cent loss that was expected). CSCO is a bellweather and there are many people who know that if CSCO falls, the whole market may have to go through a re-evaluation. Don't get me wrong if we want SUNW to be at $3 and CSCO at $8, MSFT at $25, AMGN at $25 and many other stocks without earnings at the penny stock level, fine. In other words, I am not arguing with you, just wondering if the Market is ready to punish the 100's or 1,000's of overvalued stocks that trade at a higher P.E. (or even a negative PE) with a much worse margin, growth, inventory, cash and/or liquidity situation than CSCO. I guess we'll see. Do you see my point? You often have to THINK in ways that are not always logical.