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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 9:30 AM EST

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To: Lizzie Tudor who wrote (65636)	6/25/2004 2:31:06 PM
From: GVTucker	Read Replies (2) of 77400

Lizzie, RE: Well, the problem with an "IP economy" and an IP-workforce, is that there are 2 recipients of any economic investment. One benefit is the product you are building and the other is the MIND of that engineer or whoever is building the product. Comparative advantage does not take this into account. In general, theory is lagging behind in terms of an IP economy on many levels. Contrary to popular belief on the left coast, human intellectual capital isn't a new concept.

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