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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.04+1.8%12:26 PM EST
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To: PMS Witch who wrote (49751)3/10/2001 12:26:15 PM
From: pass pass  Read Replies (2) of 77397
 
I think the total layoff is 8000 people, it'll cost about $400M, or about $50k each person. Still high, but I think CSCO may be playing some accounting magic to write off some bad loans to bankrupt CLECs and dot-bombs. Just my guess.
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