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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-0.3%3:59 PM EST

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To: Kenneth E. Phillipps who wrote (33925)4/15/2000 9:05:00 AM
From: Don Pueblo  Read Replies (1) of 77400
 
I don't think it will have much of a negative effect. The people that already work for these companies already own the options, so it's a moot point for them. If they got some options in the last 3 months, they are not happy about the decline in the market, but the truth is that if somebody went to work for Cisco for the options, he is working there for the wrong reason. It's true that the buzz has been the stocks ripping up for 3 years straight, but I don't really think that stock options will be the determining factor in someone's decision to get a job.

I could be wrong, because I have never worked at a place that gave me options on stock in exchange for work. I don't know very much about the way the hiring deals are structured. Certainly if I took less money and more options, I would feel like a bonehead right this minute, but once again, I wouldn't be working there for the options, I'd be there because I wanted to work there.

This is just a lesson in economics. I thought the Nazz would get crushed in February or March...I was surprised that it took as long as it did. The top on the chart was there for anybody that looked to see.

Anybody that starts working at Cisco on Monday should be in pretty good shape. The stock should be higher in 12 months than it is right now. That's the way it has usually worked out for Cisco. There are some very big players that are short the big tech stocks right now. They will cover and the stocks will recover.
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