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

To: Jurgen who wrote (11095)	12/19/1997 12:07:00 PM
From: Zoltan!	Read Replies (2) \| Respond to of 77400

>>you guys here have a problem with ASND and Style <gg>. I was responding to your post, which was nothing more than an insult, not Sty's. exchange2000.com >>It's hard to sustain the current, very high valuation, even if CSCO performs great. The market growth is slowing (only 17% in 1997) and noone really knows what the turndown in Asia means for the world economy. So take your money now and come back when the sun is shining again. Wrong. Where's "the very high valuation"? Cisco's forward PE is @25X. Cisco's forward growth is projected to at 30-40%, even in a market growing 17%. That's why DLJ recently stated Cisco is undervalued. >>I know, most of you here regard yourself as 'investors'. I don't like that term. An Investor is someone who puts his money into a company directly. Your buying and selling of shares has no impact on the company's cash flow. You are not an investor, even if you hold for 100 years. Buying shares doesn't make sense if you don't sell. Wrong. An investor is one who makes an expenditure to acquire property or other assets in order to secure income or profit from its employment. To purchase securities of a more or less permanent nature. -Securities and Exchange Commission v. Wickham, D.C.Minn. 12F.Supp.245,247. Under your wrong view, unless a venture capitalist or founder, virtually everyone is trading some kind of expensive option. You can make it up as you go, but we don't have to believe you. Regards