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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST

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To: Lizzie Tudor who wrote (63751)4/29/2003 4:25:41 PM
From: RetiredNow  Read Replies (1) of 77397
 
Hi all, I find this announcement EXTREMELY odd: biz.yahoo.com

EMC is reselling Cisco data storage switches. But isnt' that what EMC builds? So is this an admission that Cisco's equipment is better than EMC's? Or is it that Cisco's equipment fills a market niche that EMC doesn't have products in? If anyone knows the score, please let us all know. Either way, I think this is a great deal for Cisco.

On another note, looks like Chambers is weighing in on the stock options issue: biz.yahoo.com

Chambers said that jobs and companies may be moved overseas if companies in the U.S. were forced to expense stock options. This is really an admission that the cost of U.S. employees is very high when you include stock options expense. As such, if you include the cost of stock options expense on the income statement, then they will be forced to lower their employee expenses by going overseas to hire employees. Very interesting.
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