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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: Lizzie Tudor who wrote (63806)	5/4/2003 4:18:22 PM
From: Stock Farmer	Read Replies (2) of 77400

Lizzie, you're right. It's about creating wealth. But it's not foremost about creating wealth for employees. And it's not foremost about creating wealth for insiders. And neither is it foremost about creating wealth for the shareholders of other companies. It's about FIRST creating wealth for shareholders, from which these other benefits should follow. But instead we have seen a culture arise where the first to the trough are employees and insiders. And then, perhaps, the shareholders of the companies which use the "productivity enhancements". And if there's anything left over after that, then that's left behind to divy up amongst the suckers who were dumb enough to buy the shares from someone smart enough to unload 'em. Now, maybe someone looking at the system purely as an owner, like that duffer Buffett, well, maybe he wouldn't appreciate all the philanthropic obligations that some seem to think ought to come with the title "shareholder". But me? Well, rather than be conned out of wealth, I prefer my generosity to be of the old fashioned kind. I'd rather just give it away than try to kid myself it's making me wealthy. John

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