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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: William F. Wager, Jr. who wrote (67270)	3/9/2005 1:02:50 PM
From: hueyone	Read Replies (2) of 77400

LOL. In the webcast meant for shareholders Chambers is optimistic and saying things are looking good; in his lobby's presentation (TechNet) to capitol hill yesterday, the entire tech industry is in a terrible crises related to impending expensing of stock options. You gotta take anything Chambers says with a grain of salt. Has everyone already forgot Chambers last big push to pump the stock with his predictions of 25 to 30% YOY earnings gains for years to come right before Cisco fell off a cliff and started its crash in year 2000? Imo, Chambers is basically a very well spoken, convincing, salesman guy that is not averse to changing his message to suit his needs and audience. Having said that, I do tend to buy in to the optimism scenario more than I do the scare tactics that Technet is employing on Capitol Hill in an effort to keep executives self serving no expense stock option scam going. And once again, regarding the US' global competitiveness with regard to tech, ignoring employee compensation and inflating earnings on the income statements is not the answer. JMO, Hueyone

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