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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: James Fulop who wrote (30714)	12/26/1999 9:03:00 PM
From: Tony Viola	Read Replies (1) of 77400

James, you beat me to it (Chambers is on CNN's Pinnacle program right now). One thing he said was that Cisco is the only computer company to succeed in Japan...$40 million to $600 million in 3 years. Stresses working with customers a lot (have heard that before). Spends 50% of his time (work) with customers. Had to lay off 5,000 at Wang, so now he has a 12'X12' office at Cisco, like all other managers there, to not have to lay off anyone at Cisco. He said Cisco stock went up 10% during a presentation he was giving about how they were going to help change the world. Later, he was told it was a great presentation but that he was crazy. "Acquisitions are easy compared with partnering." Too much inbreeding not good, so it's good to buy companies, get new blood. Oh-oh. "Lucent's a dinosaur" (interviewer said he said, or implied). "Lucent has spent 100 years in telephones doing things slowly. You can't afford to do this today." Voice, data, video control race...Cisco is in good position to grab it. Classic Chambers interview, #1 charismatic CEO there is. Tony

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