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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (33925)	4/15/2000 8:40:00 AM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

KP, Let me take a quick, albeit weak stab, specifically wrt to CSCO. Cisco is still trading at where it was last summer. The only folks that are underwater are those hired in the past few months and I suspect that most consider this a temporary set-back. I for believe that CSCO will be the first to bounce. Second, now that CSCO's valuations are back down again there is even more reason to attract great people - in fact all large established tech companies will have a much easier time. 1) VC will be tigher to start-ups will have a more difficult time 2) Weak companies will have to let folks go and employees know this and will be looking for stronger established companies 3) CSCO share price is down = potential for greater gains. Much easier to get to a double at $380B cap than at $550B cap. Like investors, employees will gravitate towards the stronger, established companies. And finally, if start-ups will have a more difficult time getting VC, going public, and winning investor approval then employees will be far less likely to leave a CSCO, NT, LU, ORCL, SUNW, HWP, etc... stock options or not. Just an opinion. I'm sure there are others. Good subject! OG

To: Kenneth E. Phillipps who wrote (33925)	4/15/2000 8:47:00 AM
From: Techplayer	Respond to of 77400

Kenneth, Keep in mind that CSCO is still trading well above levels even from 6 months ago. Unless an employee started within the last 3 months, they will do well by there exercise dates with CSCO options. If anything, I would be more aggressive in my recruiting citing bargain option prices for those employees joining right now. I also do not believe that there will be a slowdown in VC spending. The telcos are cash rich and need to spend billions on capital equipment. this will continue to fuel innovation which in turn will force the large players to continue spending billions for the newest and best equipment. A correction in the stockmarket has little impact in the bigger picture. All imo. tp

To: Kenneth E. Phillipps who wrote (33925)	4/15/2000 9:05:00 AM
From: Don Pueblo	Read Replies (1) \| Respond to of 77400

I don't think it will have much of a negative effect. The people that already work for these companies already own the options, so it's a moot point for them. If they got some options in the last 3 months, they are not happy about the decline in the market, but the truth is that if somebody went to work for Cisco for the options, he is working there for the wrong reason. It's true that the buzz has been the stocks ripping up for 3 years straight, but I don't really think that stock options will be the determining factor in someone's decision to get a job. I could be wrong, because I have never worked at a place that gave me options on stock in exchange for work. I don't know very much about the way the hiring deals are structured. Certainly if I took less money and more options, I would feel like a bonehead right this minute, but once again, I wouldn't be working there for the options, I'd be there because I wanted to work there. This is just a lesson in economics. I thought the Nazz would get crushed in February or March...I was surprised that it took as long as it did. The top on the chart was there for anybody that looked to see. Anybody that starts working at Cisco on Monday should be in pretty good shape. The stock should be higher in 12 months than it is right now. That's the way it has usually worked out for Cisco. There are some very big players that are short the big tech stocks right now. They will cover and the stocks will recover.