A double for Cisco Systems is certainly no big deal. This networking juggernaut has been the single best performing stock of the 1990s. Investors dumped networking stocks and among the jetsam was Cisco Systems. Occasionally a stock falls because of problems in its sector that don't relate directly to the company and that can create an opportunity.
Cisco is the undisputed leader in the computer networking equipment business.
In addition to internal growth, Cisco is growing through acquisitions. Most recently it acquired Lightspeed. Cisco has developed strategic partnerships with the industry's biggest players, including Microsoft, Hewlett-Packard, and Intel, and with communications firms such as GTE, US West, and Alcatel. Greg Markus, the manager of the Boring Portfolio , has been a long-time holder of Cisco. Last April when the stock hit the skids, he was resolute in his opinion that the stock looked cheap and was undervalued.