And as the commercial says, this company, more than any other, holds the Net together. When Cisco goes up, the Nasdaq is sure to follow. Co. And you can be sure if the day ever comes that Cisco crashes, it will be the official end of the tech-stock boom. That's why this company has become more important to investors than any other, and why every buyer of technology stocks needs to be an expert on Cisco, whether or not they own it. If I raise its high valuations, they shut their ears and hum.
Cisco can do no wrong in their eyes.
The reasons for its dominance in the tech-stock arena are varied. First is its sheer size. When the Internet took off as a consumer medium, the company realized it was in on the ground floor of a boom era that would rival the 1849 gold rush. And like the barons of that era, Cisco has made a fortune selling picks to gold miners. One of the biggest expenses for a startup Internet company is the Cisco routers it needs to function as part of a large network.