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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-1.3%3:59 PM EST
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To: James Calladine who wrote (57773)2/21/2002 9:12:46 AM
From: RetiredNow  Read Replies (2) of 77400
 
Hi James, I think this thread needs to learn to distinguish between when a top official does something with his personal cash that may be illegal from when the top official does something illegal within the company that may impact the company's viability. For instance, I've been complaining for a very long time that top officials at EVERY company are privy to insider information and trade on it regularly. They may not trade on their own stock, but they do other shady things like knowing that their company might buy some other company and then making a discrete investment in that company way in advance. It happens all the time and there are many cases in which may be unethical, but is not illegal. I say all cases like that should be illegal.

So does Cisco have top officials that have benefitted from their inside knowledge? I'd bet there are. I remember a year or so ago, that there was a stink about that. But will it impact the company's viability? No, because this is different than Enron. It sounds like individuals practicing insider trading, not individuals colluding to hide the poor performance of the company, while unloading their own options and shares in that company. That's a very big difference, if anyone cares. I care to make the distinction, because what is really going on is a problem across all companies and should be treated as such, whereas Enron was a company specific problem. Cisco has no company specific problem. It's problem is a bad economy and telecom environment, which will be overcome within 1 to 1.5 years.
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