Saturday, June 11, 2005

Google valuation fixation suggests peak is nigh: "Cisco climbed for another six weeks after it surpassed GE on its way to an all-time high in late March of 2000. In fact, Cisco's epic climb -- which turned many a rank-and-file employee into a millionaire -- lasted for nearly a decade. Perhaps Google's run will last as long. But those Google investors who think the stock won't eventually come back to earth should peruse a Cisco 10-year stock chart that covers the period 1995 to 2005." —MarketWatch