No. of Recommendations: 7
I don't disagree with the overall conditions, but Cisco picked up Splunk cheap which also helped, $1.3 is < 10% their revenue, and based on a cursory search their 2000 GAAP EPS were $.36 and they were $2.54 in the last fiscal year. They are a bigger and more important company than 25 years ago and are a bad bubble indicator.
We have 1 data point that suggests that when CSCO trades near $80, that is a market top - time will tell if we get a second data point :)
BTW: 25 Years ago, I think CSCO was the most valuable (market cap) company on the SP500, so they were definitely a "big and important" company in the .com economy - sort of like NVDA is now...
tecmo
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