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

To: Lizzie Tudor who wrote (63703)	4/22/2003 2:10:25 PM
From: GVTucker	Read Replies (1) \| Respond to of 77400

OK so tell me how much $$ came in per employee by your estimation. Just a ballpark is fine, I'm curious. I have no idea how much $$ came in per employee, and frankly, I don't care, because the number is irrelevant. The $$ that came in is easily verified by examining the SEC filings. OK GVTucker, how about this. You tell me what your projections are for Cisco revenues in 5 and 10 years. Have you asked the management at the company what their targets are? I have. I consider it to be due diligence. Then, based on those projections where would you guess their profitability would be? If an investor is not able to discuss managements 5 and 10 year goals, then what is their basis for investing in growth companies? I will say again that I think most of you belong in foods, CPG or some other dividend paying industry. I suspect nobody here knows what management's projections going forward are, the difference between me and you is that I'm not going to insult you for your lack of effort (however I really do wish most of you would move on from tech) You say in one breath that you aren't going to insult me, and yet in another breath you make the assumption that I haven't gone to the effort. If you're going to answer the questions that you pose to me without giving me a chance to answer, why ask in the first place? In regard to management's projections, yes I know what their number is. And you don't need to call anyone on the phone to get an answer, although I have spoken to plenty of people at Cisco. I don't think it is all that important, though. If you believed management's projections 3 years ago, for the current fiscal year they'd be doing $37 billion in revenue. The reality is that Cisco will make it to about half that number. Management projections of revenue 5 to 10 years hence are nice from a qualitative standpoint. It gives you an idea of their vision, of where they think the company can go. But, like Wall Street analyst projections of the same thing, there's only one fact that you can get out of that projection. And that is that the projection will be wrong.