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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.34

-2.9%

Nov 4 3:59 PM EST

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To: rkral who wrote (64460)	9/11/2003 12:05:54 AM
From: Lizzie Tudor	Read Replies (1) of 77397

its just a question of cost, rkral. As you like to say, options are a cost (even if they never amount to anything), salaries are a cost, benefits are a cost. Siebel in the early 90s paid local staff 1/3 normal US base salary rates, but they did it with lucrative options packages. I know somebody who went there in 94 for 30K salary for example. Most executives I believe will say that if an offshore worker is the exact same price as a foreign worker, they would rather have the local. Don't you think that is likely? Salaries locally have come down 30% at least, you could cut a little more and get staff locally with options, here. But not without them. If you want to pay $25K/year with no options for development expertise it cannot be done here. If we still had a free-for-all options climate companies would just do what Siebel did, locally now. That is my belief, of course I can't prove it.

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