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

To: Eric Dickson who wrote (10351)	11/10/1997 9:02:00 PM
From: Paul Barr	Respond to of 77400

Dreaming: If you had told me that DELL would have a gone from 5 to 100 in over a year and that MSFT would have gone from 40 to 130 in over a year, I would have said your dreaming. It is impossible to predict what will happen in the stock market. CSCO maybe 150 or 50 in the next 6 months, anybody who can tell you which number it will be, is dreaming.

To: Eric Dickson who wrote (10351)	11/11/1997 4:08:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 77400

What you say has merit, I will not say that It will not come to pass. Since I hold CSCO for the long term I really don't care - but some things are of academic\conceptual interest to me. "In six months trailing earnings are estimated to be $2.44 after 3rd QTR results. CSCO @ $100 would require a PE of 41. Not likely." I do have a question though. What is CSCO's PE today? Given your answer to the question above, and considering the type of market we are in now, with all of its bad news, why is a PE of 41 so unlikely and thus a price of $100 "Not likely".