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

To: Lizzie Tudor who wrote (65638)	6/25/2004 9:09:04 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Hmm. Last I checked IBM had $89 billion in revenue in their last fiscal year and they have continued to be wildly successful. So IBM is more of a proof of economic Darwinism than it is of your "this time it's different" theory. The greatest challenge the U.S. faces economically right now is the belief that the world is a zero sum game, meaning if China or any other country wins, then the U.S. loses. We need to shed this mentality, and fast. The world is not a zero sum game, just ask Cisco. Cisco is a classic example of a company that has learned that to grow, they need to grow the market. The same is true for the U.S. If we want to continue to grow, then we need to grow wealthy consumers in other nations. Yes, that means we needs to spread the wealth a little around the world and teach others how to be more economically successful like us, so that we can then continue to grow the market to lift our own boat...even though that means lifting other boats. Again, I don't expect you to believe that, but it's the best advice that current economic theory has to offer. Scoff at your own financial risk.