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

To: RetiredNow who wrote (22804)	2/18/1999 10:27:00 AM
From: PMS Witch	Read Replies (2) \| Respond to of 77400

No flames deserved ... You posted: "I believe a reasonable PE for Cisco is around 60, which would put the price around $80. I know I'll get flamed for saying that ..." I'd put CSCO's fair value at $66 and be compelled to buy if it hit $60. However, I've no intention of selling at today's price, nor did I wish to sell at $115. Holding through the highs is as valid a strategy as holding through the lows. Happy investing, PW. P.S. July 94, CSCO traded at half its price of March 94. Those who held were well rewarded in 95, 96, 97, 98.

To: RetiredNow who wrote (22804)	2/18/1999 10:33:00 AM
From: Shroder Wertheim (Hijacked)	Read Replies (1) \| Respond to of 77400

Ditto. Cisco is a good company but overpriced stock. The bottom line is its earning per share this year more or less the same as 3COM, yet it stock price is 3 times. I agree Cisco should have much higher PE than 3COM, but not at 300%. If you look at the last two quarters report, Cisco and 3COM growth rate are almost neck to neck.

To: RetiredNow who wrote (22804)	2/18/1999 12:04:00 PM
From: JRH	Read Replies (1) \| Respond to of 77400

Nice post mindmeld. It is nice to see someone here who thinks a lot like myself. It seems like we have been saying the same thing for a while now!