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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: Kenneth E. Phillipps who wrote (22097)	2/7/1999 1:42:00 PM
From: Steve Lee	Read Replies (1) of 77397

Ken, >> Lord, It's hard to be humble! I wonder if he really thinks the Ascend-Cascade merger was not successful. I wonder if he really thinks the Nortel-Bay merger was not successful. If he does think that, the market does not agree with him. To measure whether an acquisition is successful or not, you have to look at if a reasonable number of ex-executives and top employees are kept in the company to date. In the case of ASND/CSCC, it's not a successful merger, simply because almost all top ex-executives and A LOT of best engineers have already left. ASND is unable to keep them, and there might be some reasons behind that, IMO. SL

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