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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

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12:19 PM EST

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To: GVTucker who wrote (62969)	2/6/2003 3:54:17 PM
From: Lizzie Tudor	Read Replies (2) of 77400

They started expensing options a quarter ago in this tech depression. They don't pay very well and I can assure you that if we were in a decent economy for tech workers the order management people there would leave (Bezos is hell to work for apparently). But it is not companies the size and dominance of Amazon that need options the most. It is the midrange players who are developing into the next amazon I am concerned with. I suspect any mid-level engineering manager reads all the comments from traders on these stock threads and cringes just like I do. The real issue that options solved was to keep the brilliant engineers in the business functioning as brilliant engineers. Without options, these guys would be forced to move to management where their talents are muted. Options levelled the management structure in silicon valley, and because of that, we had an explosion of inventions and ideas. As I mentioned in a previous post I have learned from reading posts from shareholders that what we really need is a strong BOD for representative government at these high tech companies and maybe a reign in of the sheer volume of options granted to the top. But what I'd hate to see is what I read here as "the will of the shareholders" executed against these great companies, it is the movie Wall Street all over again. These bean counters have no concept as to how vision is developed and executed, and without it we have no beans to count. Lizzie PS you once told me I should go back to the 70s to look for trough valuations... if that wasn't you I apologize, but for whoever has this opinion it is indicative of people that don't understand how the tech workforce culture has shifted over the decades... this is due to some of the pay equity we have now vs then, imo. But anyway I would encourage those that think the 70s are a metric to measure this decade against to read some counterculture books or try to interview some workers in the industry etc. We don't want to go back to the 70s- at least I don't and lets not try to make ourselves into that decade, ok?

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