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

To: Techplayer who wrote (23741)	3/18/1999 11:50:00 PM
From: Joe Sabatini	Read Replies (4) \| Respond to of 77397

MMV may have an extreme view of this market. On the other hand, Cisco does have an extreme PE (130 or so?) that is completely out of line with historical standards. If the market did get spooked, it would not be out of line or irrational for Cisco to lose 50% or more. Joe S.

To: Techplayer who wrote (23741)	3/19/1999 8:10:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 77397

No that is not what I said. I said this market is a bubble and cisco, though a great company, got a bubble lift. When the bubble bursts, the economy will contract, credit will be destroyed, and consequently cisco stock price will get deflated too. It is not an individual observation on cisco, rather it is a big picture reflection on cisco. BTW, I don't expect all bulls who are salivating at 100+ PE (with questionable Es, of course) companies to understand these. If every one understands that this is a bubble, then it would have been too late. I don't expect every tom, dick and harry to believe (especially at market peaks) that this is a bubble.