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

To: RetiredNow who wrote (61111)	8/24/2002 7:17:01 PM
From: Tom D	Read Replies (2) \| Respond to of 77397

I'm 10% stocks, with the rest in bonds and arbitrage. CSCO can break out technically, but the economic fundamentals and the market valuation are not acceptable to me. Here is a summary of the short-term problems that could worsen and combine to bring us to new lows this year. It may not happen. The market valuations suggest that I am in a distinct minority with my worries. But I am sitting on the sidelines for the next few weeks to months. story.news.yahoo.com Tom P.S. When I recall how Chambers reassured everybody about CSCO in late November 2000, and then about two weeks later warned that they would not make their quarterly numbers, I don't know how he can have any credibility left.