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

To: JC Reddy who wrote (21847)	2/3/1999 10:48:00 AM
From: DownSouth	Respond to of 77397

33% growth rate is very good, no doubt, but it is lower than what it used to be. That alone should be a caution for investors, but it isn't at all - no one seems to care. 33% growth rate for a company which owns 85% of its market and is selling multi-billions $/year at a 64% margin is phenomenal. Growth at this rate for such a large, profitable company is not a cause of caution to investors, imo. Faster growth at these levels would be unmanigable. Believe me, we all care. I believe that CSCO's management team is the most capable in the tech industry, by far. They are managing their growth, their products, their finances, or expectations, their markets and their competitive strategies remarkably well. Overvalued? The value of the stock is being driven by all of the factors that I have cited. It is a forward looking value, for sure, but it is a value based on a very profitable, dominant, well-managed company that gives the market NO surprises, + or -. It isn't faith. It is trust on the part of the investors in this very fine company that is making us all a lot of money.

To: JC Reddy who wrote (21847)	2/3/1999 11:41:00 AM
From: RetiredNow	Respond to of 77397

Hey JC, most of us realize that the stock is overvalued right now. But you are right, most of us don't care either way. We won't be buying at these levels - we bought several years ago. What we do is wait for 30% dips below the high and start buying. I've done it on every dip since 1997 and it has done wonders for my portfolio. I even got a ton of shares for $54 in October. So even if these puppy tanks, all my shares will be in the black.