Buy good stocks at good prices . After all, it had never corrected so much. So you buy it. Of course Cisco's not alone. Buy great stocks at even better prices - no more than half of the good price.
Technology is a pure growth industry.
Looks to me like fiber and wireless phones are becoming as cyclical today as PCs were in the 1980s. Too much product being forced down the throats of now-wary corporations. Too much devoted to concepts that offered no real economic value. It was borrowed time. Warren Buffet refers to it as the chain letter effect.