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Technology Stocks : All About Sun Microsystems
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To: cfimx who wrote (42062)3/15/2001 4:30:44 PM
From: cheryl williamson  Read Replies (1) of 64865
 
Cisco has a lot of dead weight, as do most techs that went on a hiring frenzy in the last 2 years. However, 5,000 is a large number of layoffs, even for them.

Don't forget, though, that the layoffs are announced now, but take place over time. If business picks up Cisco will turn on a dime & cancel the layoffs and start rehiring again immediately.

Tech leaders have been pissed at the FED for some time now, and for good reason. If I were John Chambers, I might contemplate doing something that would light a fire under AG's rear end and get him moving on interest rates.
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