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

To: Joe Sabatini who wrote (23742)	3/18/1999 11:51:00 PM
From: puborectalis	Respond to of 77397

Cisco sees 50 pct revenue growth in Asia SINGAPORE, March 19 (Reuters) - U.S. networking company Cisco Systems Inc expects 50 percent revenue growth from its Asian operations year-on-year, Bill Nuti, president of Cisco's greater Asia operations said on Friday.

To: Joe Sabatini who wrote (23742)	3/19/1999 12:16:00 AM
From: MMW	Read Replies (2) \| Respond to of 77397

Whenever someone talks pe ratio, I always ask myself what pe ratio he is talking about, 12 month trailing pe or 12 month forwarding pe. As far as CSCO 12 month trailing pe goes, it looks very high. But, if I take those R&D acquisition expenses out of the picture, the pe ratio will change dramatically. Since CSCO is a company keeping buying other companies over its life, the trailing pe ratio does not really mean much. What is really counted for, however, is the forwarding 12 month pe. In my calculation, it is about 62 to 63. It is about double of its 30% growth rate. In my judgement, it is overvalued. But if you look around, and find AOL, AMZN, EBAY, BRCM, RMBS, MSFT, DELL, and LU are the same and even more. This market is over valued not just CSCO. I think it probably Ok to hold on to it. Cheers! Mike

To: Joe Sabatini who wrote (23742)	3/19/1999 2:35:00 AM
From: JRH	Respond to of 77397

If the market did get spooked, it would not be out of line or irrational for Cisco to lose 50% or more. CSCO has a beta of 1.35 . Therefore, if we had a nice 20% correction on a market portfolio (i.e. S&P 500), I would expect to see a 30% correction on CSCO. BWDIK.... Justin