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

To: Techplayer who wrote (37252)	6/7/2000 10:04:00 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 77400

Really, who said that?

To: Techplayer who wrote (37252)	6/7/2000 10:09:00 PM
From: bambs	Read Replies (1) \| Respond to of 77400

I agree that business they need to increase productivity. That doesn't mean migrating your hole office from Windows 95/98 to Windows 2000. That doesn't mean going from Pentium I's to Pentium III's. It doesn't mean letting half the office carry pagers and rack up cell phone bills. And finally, it certainly doesn't mean going to broadband Internet access with it's huge costs. Most businesses can't justify the need for broadband. I was a computer consultant/network administrator/project leader for many years before I started trading full time. During my time in the business I set up many companies with net access, exchange servers, web servers, firewalls, etc..I tried to help them find ways to take advantage of the net to help the bottom line. I found through the network monitoring tools that most often employees used the pipe to access hotmail, yahoo or the like. Employees sucked up band width to goof off! Most businesses don't really need that much band width. They can't justify spending hundreds of thousands of dollars on routers and web servers etc. When stocks are going up and earnings are growing in line with estimates companies spend money. IT departments get nice budgets and they spend them. Projects get approved with ease...it's nice. When companies have earnings short falls and stocks get slammed...shareholders want answers...insiders, company directors and VP's with lot's of stock and options get real upset. Budgets are cut. Projects are delayed or canned. Business cases are asked to be presented before any new projects are approved. Department managers have their signing authority taken away except for small purchases. I worked as a consultant with companies that were doing great and I saw how they spend...I consulted at businesses that were in trouble and saw how they cut back and just went for bandaid solutions. Once again...only time will tell. Bambs