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

To: DiB who wrote (17848)	10/6/1998 8:54:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 77400

The only problem: you'll need more good luck than there is in the whole world. <<Personally, I am not greedy. 30+ percent annually over 5 years works just fine for me. Better than any mutual fund or CD for that matter.>> W. Buffett must be really stupid compared to you, he never managed to make 30+% a year over the years. Such a sucker, that Buffett, is not he? -g-

To: DiB who wrote (17848)	10/6/1998 9:42:00 PM
From: Miguel Octavio	Read Replies (2) \| Respond to of 77400

I read the same things in '87. I had ATT and MSFT before the crash, remarkably enough I lost the same percentage with both but msft had the high PE. The truth is that csco has a model that nobody has been able to beat yet. Look at Nortel's chart, it has been going down for a long time, even before the warning. As for Lucent, they are good at telecomm, but not great . csco is great for networks across the board. (Ask 3com, bay, nortel, cabletron etc. etc. etc.) If you think Internet is going to keep growing, then csco will grow 20-30% year over year for quite a while. Buffet does not see it beacuse he does not invest or understand high tech. As to whether the Internet will keep growing, think about it, only 3% penetration in France, only 30 million people have downloaded realplayer/video/audio. In two/three years it will be 200 million people watching something important like the comedy channel over Internet. Someone has to sell the plumbing and it will not be Amazon, yahoo, netscape or any of those. I bought csco on July 5th. 1991, I have seen the price cut in half once, have seen it gyrate a few times, if I had tried to time it using experts opinion, I would never have had what I have today. Miguel Caracas, Venezuela (Internet penetration around 1.2%)

To: DiB who wrote (17848)	10/6/1998 9:54:00 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 77400

<<Personally, I am not greedy. 30+ percent annually over 5 years works just fine for me. Better than any mutual fund or CD for that matter.>> MY GOD? DO YOU READ WHAT YOU WRITE? 30%??? "30+ percent annually over 5 years works just fine for me." DO YOU THINK IT IS NORMAL FOR COMPANIES CAPITALIZED LARGER THAN GENERAL MOTORS AND CHRYSLER COMBINED TO GROW 30% PER YEAR? Let's calculate this: If CSCO grows 30% year from current levels, we're looking at a valuation of approximately a quarter of a trillion by 2003. You may not be consciously greedy, but you sure are ignorant.