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

To: RetiredNow who wrote (74490)	11/8/2007 5:30:16 PM
From: Dinesh	Read Replies (1) \| Respond to of 77397

Is CSCO overdone? Consider how the market ramped up during the last hour and half. The most interesting news that I could find around that time was that NY Guv wanted to set up a subprime bailout fund (2:34pm, Marketwatch). Obviously this is a very limited view into the day's events and I invite your opinions of what turned the markets today. Going into the earnings report and the CC, did JC know that the US business outlook was, er, subprime? You bet he did. Yet he had painted a pretty decent revenue/earnings outlook for the coming quarters and year, focusing on the global demand. So IF the likes of this bailout fund(s) could be the prescription for averting or ameliorating the impact of a recession, then interestingly enough Cisco did not participate in the recovery rally of the financial and other Dow names. Based on this anomaly, I am going to speculate here that CSCO is going to stage a modest convergence rally. At least to the tune of MSFT/INTC/IBM/ORCL. I wish I knew enough to quantify it. And, what happens over longer term is of course remains an open guess. Regards