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

To: Dennis who wrote (16849)	9/7/1998 6:55:00 PM
From: PMS Witch	Read Replies (2) \| Respond to of 77400

Denis: I've tracked CSCO monthly since I've owned it (March 1990) and the PE has averaged 37.5 with the lowest being 16.5 in July 1994 and the highest being about now. I would think a reasonable price would be to take the average PE of 37.5 and multiply this number times the current earnings of $1.68 giving a price of $63. At this price, you'd probably not be paying too much, especially if you're a buy-and-hold investor. Frankly, I hope we don't see $63 until after the split, but if we do, It won't be new territory for this stock. (But it might be for some current owners!) Best of luck, PW.