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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.69+0.4%Jan 21 3:59 PM EST
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To: rkral who wrote (71192)10/4/2006 4:39:33 PM
From: Kirk ©  Read Replies (2) of 77400
 
Thanks for that great data.

       Employee  Employees
Fiscal  Total     Overseas     
Year    (approx.) (approx.)   

2000    34,000     9,000      
2006    49,926    19,600


15,926 employees added with 10,600 overseas.

Total employee growth in 6 yrs is 6.61% compound annual growth.

I said "Chambers was bullish on Cisco saying it would grow at 20% per year for as far as he could see in 1999/2000..." So your data shows I was right that he was overly optimistic at the worst time possible and true growth fell way short of expectations (assuming constant revenue dollar per employee where they were a leader back in 2000)

I stand by my statement that he is "always bullish" and I'd even bet he was the most conservative at the bottom because that is why bottoms form... and he probably learned his lesson about predicting 20% growth for a fairly large company...
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