Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lizzie Tudor who wrote (60707)	8/6/2002 5:24:55 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 77397

I think that you would have to get overall sector figures to see if the sector is stable. I would contend that the growth that you are seeing is increase in market share. This is a good thing, but not indicative of a real growth environment. A lot of what will determine whether the valuation is justified is how long the bear market continues and more importantly how it ends. If we are at the end of the bear and we are going to have a v-bottom, the valuation may be justified. If we have another 40-50% to go in the bear and it ends in a flatline with no growth for 5-10 years, well, I don't think that the valuation is justified. I am convinced that CSCO is going to survive. But if I can buy the stock at $6, I certainly don't want to buy it at $12.

To: Lizzie Tudor who wrote (60707)	8/6/2002 7:02:57 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 77397

LT, Just got done listening to JC on CNBC. I believe that he reinforced what I was saying earlier. He is more confident in what CSCO can control and less confident with the outside influences. He specifically said that he is less confident with visibility now than he was a quarter or two ago (paraphrased, not quoted). JC also said that it is in America's best interest not to expense stock options. Ummmmm, What? He also repeatedly pointed out that individual contributors got most of the options and not executive management. He really was quite adamant about not projecting a greedy executive persona.