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

To: RetiredNow who wrote (16704)	9/1/1998 10:12:00 PM
From: William L. Oppenheim	Read Replies (2) \| Respond to of 77400

No one says CSCO isn't good at what they do, only whether they are overvalued at PE of 75-100. It is not a technical issue, only a valuation issue. Sometimes people forget what they are buying. They are buying stock in a company that makes routers and other communications equipment. They are not buying the equipment itself. Regardless of good the equipment is or how good the stock appears, it is always possible to overpay at some price. If you make a mistake, you can wait until the company catches up with its valuations, but it may be a while. I sold out of CSCO this AM (80% gain), just because so many other good stocks have now fallen to better (IMHO) valuations. And I want to be able to buy some these over the next several months. Nothing wrong with CSCO, just that the market has now made many other stocks appear attractive as well. At lower PEs.

To: RetiredNow who wrote (16704)	9/1/1998 10:57:00 PM
From: Helios	Read Replies (1) \| Respond to of 77400

I don't think the article goes far enough. I don't know about you but I would like my internet connection speed to go up by a factor of a thousand. If I have a party I want to pick up a line up of dance tunes or picked for me and have high fidelity sound piped in for a small fee. I want my toaster connected to the internet. The infrastructure buildout is just getting started. Perhaps it's true that "The idea that the Internet in the year 2002 will be the successor to today's public communications network is no slam dunk" but only if something bigger and better comes around the bend.