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

To: Techplayer who wrote (49740)	3/10/2001 2:36:34 AM
From: Ed Forrest	Read Replies (2) \| Respond to of 77397

Cisco said it would cut between 3,000 to 5,000 regular jobs, a number equivalent to between 7-11 percent of its global employee base of 44,000. The disclosure by Cisco follows a Reuters report late Thursday night that the San Jose, Calif.-based company would be making cuts. As a result, the company said it would take a one-time charge of between $300 million and $400 million by the end of its July fiscal fourth quarter 2001. dailynews.yahoo.com TP The above is an excerpt from a Reuters news item and the 3 words As a result caught my eye. It would seem to indicate the charge would be a result of the layoffs.Severance package monies is what comes to mind. Perhaps the writer of the piece is putting his own take on what is transpiring with the Cisco reduction in force. Ed