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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-1.3%Jan 2 9:30 AM EST

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To: Stock Farmer who wrote (64466)9/11/2003 10:35:10 AM
From: Kirk ©   of 77400
 
The data is published in Cisco's 10K report.

In July 2001, CSCO had 38,000 employees, 11,000 outside the US
In July 2002, CSCO had 36,000 employees, 10,000 outside the US.
In July 2003, CSCO had 34,000 employees, 9,000 outside the US.


Is it possible there are workers who are not "employed" but do "contract labor?" I think for the point you are trying to make to be meaningful, you need to include contract labor jobs. It seems that Cisco has out sourced management of many of these contractor jobs as time has progressed.

In the heydays, a friend of mine worked at Cisco and she said many of the folks she dealt with, such as the HR folks who brought her in, were contractors. She was in the first wave to leave and got a great package and was smart to leave for Texas rather than stay here and jump to another company only to get laid off as has happened to so many.

Didn't Cisco used to build much of its product? A friend of mine just went to India to manage one of the contractors operations there. He used to manage folks assembling stuff in the South Bay who built Cisco (and others) gear via contract assembly.

I also own Lam Research (LRCX). They have cut staff and now have things built overseas by contract. Great for the bottom line, but hard on the folks in the US that used to build this complex equipment.

Disclaimer: Long Cisco for a trade, perhaps an investment if it keeps going higher! -g-
Cisco TA Charts: suite101.com
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