Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

At least, CSCO has a balance sheet and selling at "only" five times book, NVEC on the other hand...

One thing I like doing is look at the cumulative retained earnings and compare this to what was taken from the public in selling stocks. Very few of the high techs (including CSCO) can claim they have returned the capital invested in them. Compare INTC which has about $28 B in retained earnings and about $7 B in common stock equity, vs CSCO with $20 B of OP on which barely $7 B was earned so far...

Just took off NVEC here before the open at $31.50, I was hoping for a biugger preopen bounce. Will look again later.