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

To: RetiredNow who wrote (75804)11/7/2008 8:04:49 AM
From: JakeStraw  Read Replies (1) | Respond to of 77400
 
>>It's not cheap, but it's far from expensive.

True CSCO is currently not expensive, but if tech spending is down and continues that trend and even worsens then the current P/E could easily rise. Additionally didn't Chambers forecast a 5-10% sales drop in the current quarter?
The point is that no one really knows how bad business conditions could get and how long it'll take for them to recover.



To: RetiredNow who wrote (75804)11/7/2008 5:03:16 PM
From: happy_camper  Respond to of 77400
 
Just look at the revenues and EPS for the big cap techs 5 years ago and today...they surely don't dictate the crash and burn of 2000. I can see big cap tech coming out of this recession with a vengeance in a year or two. Like others have said, it's been a decade long flat spot for the likes of CSCO, MSFT, INTC, ORCL.


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