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Suppose you were stranded on a deserted island and could own just 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 down 20 from its high A stock that trades at more than 100 times earnings A stock thats already climbed around 100000 since going public ten years ago thats already enjoyed one of the greatest rides in stock market history The stock of a company that now faces unprecedented challenges in tough new markets dominated by the likes of Lucent and Nortel plus a posse of red-hot upstarts Yup that would be the stock No matter how you cut it youve got to own Cisco Millions of investors around the world--Cisco now has 3530662 shareholders including me with my few hundred shares--might well agree with you Except for those who bought the stock in the past few weeks were probably talking about the happiest group of people on earth How happy Well on March 27 Cisco overtook Microsoft as the most 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 fast Five years ago you might have looked at Cisco and said Well sure this is a great company but really how big can it get All it does is connect computers Microsoft on the other hand sells the operating system 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 become the computer And even though Sun coined that phrase no company stands to benefit more than Cisco Sure Cisco has the greatest wind of
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