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To: Stoctrash who wrote (47899)	2/5/2001 9:56:16 AM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

FredE, You're suggesting that a company CEO can not alter his position on company earnings given changes in market condition? I think Chambers said things were intact and then a couple of months later suggested it was "more challenging" than he had anticipated. I'm not sure that's a 180 but it is acknowledgement that the economic conditions were more difficult than he had first thought. You're suggesting that Chambers should have better vision than say.... Greenspan - who didn't take any action in December? you're suggesting that he was dishonest? I think you should spend some more time understanding what it takes to run a company the size of Cisco that is exposed to so many theaters and customers. You're comments are over the line. OG

To: Stoctrash who wrote (47899)	2/5/2001 10:53:06 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

Ok, FredE, let's perform an exercise so you finally get it. Let's say you're grandmother came and told you that she has a million dollars in cash and you will get it when she dies. And btw, she has two months to live. Then let's say that you told everyone you were going to come into some money in about two months. Then a few weeks later, your grandmother decides that she's going to leave all her money to a charity instead of you. Do you think that everyone you told would then start saying, "You know that FredE, he's a complete lier. You can't trust a word he says. He lied to us on purpose and let's completely never listen to him again." Well, unless you were a real jerk about it, they probably would just say, "Hey, that's life, man. Sometimes you get lucky, sometimes you don't. Sometimes things are just out of your control." Well, that's what happened here. All of Cisco's customers were telling Chambers that they were going to spend like mad. So he told analysts what he was hearing from his customers. Then the bottom fell out and customers cut their budgets drasticly. Then Chambers being the forthright guy he is, came back to the analyst community and told them the truth. Things are murkier now and customers are cutting back as a direct result of the economy. End of story. Just live with it. Chambers is not Satan. He is human and he communicates the best way he can as truthfully and expediently as he can. But even Chambers doesn't have a magic ball. I think only you have one of those.