Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Techplayer who wrote (49697)	3/9/2001 10:49:20 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 77397

what I was told is that CSCO had gotten away from their performance model and were planning to revisit it, cutting the bottom 5% of performers oh, i see, it's all about performance! LOL didn't DELL say something similar?

To: Techplayer who wrote (49697)	3/9/2001 1:52:15 PM
From: MHA	Read Replies (1) \| Respond to of 77397

Also this is an ongoing practice, they always do this in order to get rid of the fat... although last yr due to tight labor market it was not pursued ...

To: Techplayer who wrote (49697)	3/9/2001 3:58:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 77397

Techplayer, Lastly, CSCO is attempting to foster a much healthier relationship with outside vendors to attract the top 10% of the available engineering force. Good post, but what do you mean by the above? Seems if you substituted universities, or even headhunters for vendors, would make more sense. Tony

To: Techplayer who wrote (49697)	3/10/2001 1:02:44 AM
From: gc	Read Replies (2) \| Respond to of 77397

No cut is healthy. CSCO is in trouble. JC told you so...there is no need to sugar-coat it.

To: Techplayer who wrote (49697)	3/10/2001 10:12:47 AM
From: Tom D	Read Replies (4) \| Respond to of 77397

Top 10 reasons that CSCOs job cuts are healthy. (Would the anybody care to help complete this list? I want to be sure it is correct). 10. They can cut the jobs of the people in the personnel department who hired the 5% of employees that are inept. Cut out the underling cause of the disease. Very Healthy. 9. The company parking lots will not be so crowded. 8. Cutting employees lowers salary expenses. CSCO will continue to cut 5% every quarter until salary expenses approach zero. 7. These undesirable employees will hopefully go work for JNPR and other competitors who are lack the cunning business acumen of CSCOs management and will foolishly hire them to meet the needs generated by their higher growth rates. Boy is JNPR going to be in trouble. 6. Employees will be abandoning the company in droves as they realize their stock options will never be worth anything. Labelling these employees as undesirable, and pruning them out is an inspired proactive PR move by a forward-thinking management team. 5. The paper on which CSCO stock option certificates is printed is too stiff. It clogs up the toilets when employees flush after wiping with them. If there are fewer employees, there will be less plumbing repair bills. 4. Fewer employees means there are less people who could make bad loans to customers 3. 2. 1. Tom D Sold all CSCO at 55 and 50, thanks to some of the bears on this thread.