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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.04-0.5%Dec 31 3:59 PM EST

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To: Stock Farmer who wrote (57658)2/19/2002 8:26:08 AM
From: JakeStraw  Read Replies (1) of 77400
 
7:33AM Cisco ties to Sequoia highlighted in NY Post (CSCO): NY Post article comparing Cisco's relationship with Sequoia Capital to Enron's off-the-books partnerships is getting some play on trading floors this morning. Article discusses an apparent conflict of interest by Donald Valentine, a player at Sequoia Capital who was also vice chairman of Cisco's board. According to the NY Post, between 1997 and 2000, Cisco's executives put together more than 60 major mergers and acquisitions, many of which appear to have been funneled through various partnership funds set up by Sequoia. Article also reports that CEO John Chambers was an investor in one of the Sequoia partnerships that held stakes in companies eventually acquired by Cisco. Story claims that upon questioning Cisco officials now assert that Chambers held a position in a Sequoia partnership that differs from the one Cisco disclosed in SEC filings, and that the number of shares held by Chambers also differed from what company disclosed in the filings. finance.yahoo.com
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