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

To: Lizzie Tudor who wrote (64274)	7/9/2003 9:55:03 PM
From: BWAC	Respond to of 77400

Sorry just couldn't help myself. I hope business is improving because it is certainly becoming priced in again. I'm not sure if the demand is going to come from the major carriers any time soon judging from Bellsouth crowing over their 5 years outdated, but new G-lite service for $40 a month.

To: Lizzie Tudor who wrote (64274)	7/10/2003 2:30:04 AM
From: Elroy	Read Replies (1) \| Respond to of 77400

There is no European conference, it is Reuters picking up an inaccurate story from some Dutch paper. Probably some 22 year old Dutch kid thinking that the way to be a good journalist is to sensationalize some story. It's funny because it got release 3am San Jose time while Chambers is (hopefully) asleep that he is calling an end to the tech malaise. As for chip companies seeing robust Cisco business, show us the evidence. As for things improving, show us the evidence. CSCO has had book to bill below 1.0 for three quarters in a row, so even if their orders pickup they can report flat revenues for 3 quarters (that's 7 more months) just to build a decent backlog. That doesn't sound like much improvement (or justification for a 30x forward PE multiple) to me.... Elroy

To: Lizzie Tudor who wrote (64274)	7/10/2003 8:27:03 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 77400

NASDAQ down 1.8% today. FORM up 2.85% today. Lizzie, FORM's looking to 22 easy. I'm only up 7% since my entries June 12th, but things will get better from here <gg> And i know you are in even better shape since you bought the following day if I recall !