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

To: RetiredNow who wrote (63229)	3/12/2003 7:26:01 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 77400

I vote for recession. I don't think we can sustain these gas prices. And technology has lost its luster, because I see the FASB has voted on options expensing, which means the engineering talent will require too much in the way of pay. Cisco's costs especially are way too high without options compensation, and Huiwei is on their tail. I will sell cisco. I suspect this market stays flat for years at this point.

To: RetiredNow who wrote (63229)	3/13/2003 10:45:37 AM
From: larry	Read Replies (1) \| Respond to of 77400

Mind, Good point. My view is that without the pending war against Iraq, we would have been lower. Since conventional wisdom suggests that we should rally when the war breaks, traders are unwilling to sell now, although they are probably not loading up in any means. If we were to focus on economy only, the multiples will go down for sure. The new lows on Nikkei and Euro bourse do not bode well for the US major index. I think that we will be at least 10% down (probably 15%) from current level in 3 months. And the past 2-3 weeks really saw some significant weakness in the housing market in the great Boston area. We purchased a second house in January at a 28% down from the original listing price. The market for houses above 450,000 is getting pretty weak here. And the gas price. Lots of us have experienced some 30-40% jump in the heating bill this winter vs. same period of last year. good luck, larry!