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

To: Uncle Frank who wrote (64933)	10/9/2003 8:36:23 PM
From: kvkkc1	Read Replies (1) \| Respond to of 77400

I wasn't arguing your point, just making a point. CSCO hasn't had a substantial increase in sales in 3 years. Yet they still trade at a high multiple relative to their slow revenue growth. Should a long-term holder be satisfied with 13% growth? I don't know about others, but not me at these prices. The earnings come from a couple of sources, cost cuts, share buybacks with retained earnings and overseas production labor savings. Unless someone new starts buying new systems, telecom stock prices looks to be very inflated.

To: Uncle Frank who wrote (64933)	10/9/2003 8:39:57 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

I wonder if the carrier deals are back end loaded too. I'll bet they are. We had good earnings from Sonus and JNPR. Yeah yeah drop in the buckets revenue-wise compared to Cisco but the turn is here. My feeling is that all of the executives are playing it very conservatively too, as far as guidance and booking revenue. Europe is still in something of a depression from what I can see, and Japan is just starting to claw out of the doldrums. Given the worldwide economy + the state of carriers here in the US, these numbers look good to me.