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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

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Jan 16 3:59 PM EST

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To: Techplayer who wrote (29607)	11/24/1999 11:06:00 AM
From: Kenneth E. Phillipps	Read Replies (1) of 77400

Brian - You are right about the low salaries. The cheap Canadian dollar has been a real competitive advantage for Nortel. I think other companies, including Cisco, wish to hire talented people at relatively low salaries. If these talented Canadians are hired away and moved to Silicon Valley, they get better pay and lower taxes. They also have to pay the inflated prices for housing in Silicon Valley.

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