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

To: craig crawford who wrote (12557)	2/18/1998 7:38:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

Craig, I applaud your spirit.. can take anything this thread dishes out. I don't read that as cockiness, I read that as a conviction in what you believe. As for your past comments about Cisco... I see that you've revised you original comment from "inability to deliver" to "outside factors". I accept that position. Good trading, good luck on your shorts...for I too expected a small pull back after earnings. Apparently it's going to take some outside factors to make this happen since we keep trickling upward. Even so, to help you in your own defense, clearly as the revenue numbers get bigger it will be more difficult for Cisco to maintain the percentage growth rates year over year. I too have my concerns...however I will repeat my earlier statement: We're more than half way to current EPS estimates....estimates that value the stock (given current PE) at 88 3/4. If they simply add another .92 cents (EPS for Q1/Q2 combined) Cisco is 94 1/4 at fiscal year end (August). Furthermore assume the stock moves only to 70 by August...that would drop the PE to 38 the same as COMS..who continues to disappoint and continues to have inventory problems and who continues to have INTC after their haunches. No, IMHO I suspect that CSCO will continue to hold a higher PE multiple than their competitors since investors have more comfort with the future with CSCO. Given these numbers I got to believe Cisco is easily 80 by August.... well on the way to 100+ by end of calendar year- my original statment. End of commentary MGF. Gary