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

To: Dennis A. Rose who wrote (15783)	8/11/1998 12:34:00 PM
From: The ChrisMeister	Respond to of 77400

"I disagree with the ChrisMeister's analysis. There's growth to maturity. Companies with high P/Es do not keep them over their lifetime. They get high P/Es during the high growth phase, then lower P/Es as they and the industry mature." Not sure where you think I went wrong. I wasn't making a five year prediction about Cisco's growth rate, just explaining in a crude way how it is that the market at this time can sustain what many opine is a too-high stock price. ChrisMeister