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

To: Lizzie Tudor who wrote (65584)	6/21/2004 10:56:17 PM
From: Gottfried	Read Replies (1) \| Respond to of 77400

Lizzie, Cisco is mentioned in this NYT article about the recovery in Silicon Valley! Excerpt... "Silicon Valley is no longer at death's door," said Mike Moeller, director of corporate communications at Hewlett-Packard. "People are no longer in shock. But is Silicon Valley back? That's like saying a patient who was in diabetic coma for several years is healthy again because he can lift his head and open his eyes." nytimes.com may require free registration. Gottfried

To: Lizzie Tudor who wrote (65584)	6/22/2004 12:31:43 AM
From: Elroy	Read Replies (1) \| Respond to of 77400

this market looks really sick to me and to a lot of investors also. Fine, but the numbers year to date show a flat market. Flat is flat, sick is down. I've been through 3 tech bust periods and all recoveries were better than this, Have you already forgotten that tech was up over 40% in 2003? That was the "recovery". Now we're in the pause market, waiting to see the next direction will prevail. Its not a bear until the decline at least begins! One of two things will happen, 1- The current raft of positive statements (a la SLR last week) will continue, and eventually tech will rally again, or 2- Negative pre-announcements and lowering of forward guidance will begin (a la JBL last week), and eventually tech will go down. But waiting around in a trading range to see which of those scenarios plays out is not a bear market. In bear markets, stocks go down, and the numbers this year don't show that. Elroy