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

To: Tony Viola who wrote (47488)	1/29/2001 11:43:29 PM
From: denni	Respond to of 77400

Cisco CEO Lowers Target Without Too Much Harm interactive.wsj.com "I don't think he was intending to tell people that Cisco won't make the [fiscal second] quarter," says ING Barings's Mr. Lauria, who shaved $1 billion in revenue (to $28.9 billion) and three cents a share in earnings (to 76 cents) from his fiscal-year projections. "This was an intentional effort to lower [future] expectations for the company," he says.

To: Tony Viola who wrote (47488)	1/30/2001 12:27:41 AM
From: Adam Nash	Respond to of 77400

Right now, it all depends on where you see Cisco's growth over the next few years. Forget this quarter, where do you see Cisco's sales in a few years? $50B? $30B? $100B? Given Cisco's financial characteristics (gross margin, free cash flow), this form of growth will really dominate the results. 30% growth for just 3 years is 2.2x, for 5 years it is 3.7x.

To: Tony Viola who wrote (47488)	1/30/2001 8:12:07 AM
From: smchan	Read Replies (1) \| Respond to of 77400

Anyone that knows these companies would in no way compare them, especially the upper management of the two. With respect to management, I agree. Although I do think Cisco is starting to suffer from the NIH syndrome too. Why else would they buy IBM's switching technology like they did last year? Some of the bashers here post like they think all companies are equal WRT people, style, etc. LOL! I understand your point, but I also notice a lot of cross pollination. I work in RTP, NC and I've seen a lot of IBM and Nortel people go to Cisco (and vice versa) including some mid-level management so I'm sure there are elements of style that are adopted across company borders. At least one manager I know declined a job with Cisco and when I asked him why, he replied "It's getting too much like IBM!" Just one man's opinion, of course. Anyway, I agree the cultures are rather different, but I think there has been some amount of cross-pollination between competitors thanks to the hot job market. If, for no other reason, it's also happening through friends and neighbors. Living in the house immediately to my left is a Cisco employee and immediately to my right a Nortel employee. As you may have figured, I'm an IBM employee. We compare notes on structure, management, processes, benefits, compensation, etc. (at least as much as we can without violating terms of employment) and somehow manage to get along. :-) (Perhaps some of those empty lots on the street will go to someone who works for JDS Uniphase and Hatteras Networks!) I'm not a Cisco basher, but I don't exactly look at them with rose colored glasses either. Sam