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

To: primepower who wrote (17847)	10/7/1998 4:31:00 AM
From: tepli	Read Replies (1) \| Respond to of 77399

Re: Nobody get's it. High PE's are out. I think you don't get it. Level of interest rate determines the level of PER. That is a fact. If you can tell me that it is not so, then you must be a NoBell Prize winner. tepli

To: primepower who wrote (17847)	10/7/1998 7:50:00 AM
From: Frank Povoski	Read Replies (3) \| Respond to of 77399

I think that you have missed it. The forward PE is around 25-28 based on the lowered estimates. This is not bad for a company whose growth is over 30% and has large market share in every segment it is in. Sure it trades at a premium and it has gotten hit but it will be back. 5 years from now you will look back and wonder why you didn't mortgage the house and buy a ton at these prices. And the world is not going into a slump just ASIA with a no inflation no growth situation for US/EUR.