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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (145892)	8/20/2002 10:27:55 PM
From: GST	Read Replies (1) \| Respond to of 164684

Most Internet companies -- including csco don't have good profit outlooks in coming years -- and no I am definitely not kidding. Internet traffic and use can grow without csco or similar companies being a good investment. The growth in the use of the Internet has never been an issue -- the question is who (if anyone) can make money from it. Bandwidth in particular is an easily expanded commodity -- overbuilding at premium prices just about destroyed the telcos. The bursting of the bubble was primarily due to recognition of the economics of Internet-related businesses - they are just not going to make that much money so Internet-relted stocks (once in short supply and now in a glut phase), are not worth much. Why buy csco? It is probably a better short than a buy. I don't have a current position in csco -- but it is almost certainly yesterday's little darling and a pretty ho-hum company in the future.