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

To: Techplayer who wrote (33930)	4/15/2000 9:03:00 AM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 77400

"nearly every person that started there until the IPO still has around 9 million in stock options on the table at this level." That is certainly good for them but where does Sycamore get the capital to ramp up production to keep pace with the exploding demand for fiber optic networking products? Where does Sycamore get the capital to finance the construction of new networks like Nortel and Lucent are doing? Where does Sycamore, or Ciena for that matter, get the integrated network products which are available for Cisco, Nortel and Lucent? It seems to me that the market correction favors the big players unless one of the startups has some proprietary technology which the majors can't match.

To: Techplayer who wrote (33930)	4/15/2000 9:19:00 AM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

Techplayer, SCMR may provide new employees with 20K shares but this is probably not the case for most public companies... but even so new employee's get them at market price. So the valuation needs to grow in order to make a buck. Those that were there pre-IPO got share at what price? SCMR shares went public at about $13 post split and are now trading at $51 - a tidy gain of $38 or about $760K for those that had 20,000 shares at IPO price. Of course pre-IPO employees probably have a lower cost basis.. if their basis is $1 then your analysis is correct these employee's would have about $10M before tax... sweet indeed. Now the question is - does SCMR go back to $100+ again.. and if you believe it will then going to SCMR at this time would be a good move... especially if they offered you 20,000 shares. OG

To: Techplayer who wrote (33930)	4/15/2000 11:12:00 AM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Don't be silly. For people who aren't already millionaires, the thought of $1 million is as surreal as $10 million. Either would be a dream come true for most people. I have friends at Cisco who are at relatively low-level positions and have watched their options grow to over a million in 2 years time. That is a dream for almost everyone I know outside of Silicon Valley. So when you say Cisco can't compete with Sycamore who are anchoring on a very small subset of people. There are a tremendous amount of very talented, intelligent people out there that would go with Cisco for the more realistic chance at $1 million than a highly speculative chance at $10 million. Try to think outside of your own world, my friend. It's easy to look around you at all of your own friends and acquaintances and think that the same must be true for the rest of the world.