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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.75

-0.5%

3:59 PM EST

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To: Stock Farmer who wrote (49731)	3/10/2001 2:17:26 AM
From: Techplayer	Read Replies (1) of 77397

John, I agree that cost control and a hiring freeze are detrimental to moral and in some cases performance. From what I hear, there are projects that could use new bodies right now. My recent experiences with the people at CSCO have made me believe that they are being smart in their approach to handling the present adversity. The 300 million dollar charge is interesting. They can try to bury that in a layoff, but I think (unsubstantiated opinion) that it is likely related to returned or unsold equipment rather than a personnel charge. I have heard a few stories about excess equipment in the field, but that may be entirely unrelated. tp

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