Suppose you were stranded on a deserted island and could own only when one single stock. What would it be? Think about it for a minute. Would it be a stock thats been battered this spring and is low 20% from its high? A stock that trades at much than 100 times earnings? A stock thats already climbed around 100,000% since difference public ten years ago, thats already enjoyed one of the greatest rides in stock grocery store memorial? The stock of a company that now faces unprecedented challenges in tough new markets dominated by the likes of Lucent and Nortel, sum total a posse of red-hot upstarts?
Yup, that would be the stock. No progeny how you cut it, youve got to own cisco.
Millions of investors around the world--Cisco now has 3,530,662 shareholders (including me, with my few blow shares)--might well agree with you. Except for those who bought the stock in the then(prenominal) few weeks, were probably talking about the happiest group of throng on earth. How happy? Well, on March 27, Cisco overtook Microsoft as the nearly valuable business on earth, with a market cap of $531 billion. Yes, GE now holds the crown, but who are you going to bet on in this race? GE, growing 15% annually, or Cisco, growing more than twice as sporting?
Five years ago you might have looked at Cisco and said, Well, sure, this is a great company, but really, how big can it outwit? All it does is connect computers. Microsoft, on the other hand, sells the operating schema for every PC in the world. That is huge. How times have changed! As the Internet Revolution sweeps through civilization, networking--connecting computers--may well be the most critical, fastest-growing facet of the worlds economy. Even Microsofties have to admit that the network has...
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