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To: RetiredNow who wrote (49757)3/10/2001 1:11:05 PM
From: John Koligman  Respond to of 77398
 
Not even that big a bath, but an attention grabber nonetheless because of Cisco's former status as a 'bulletproof new economy darling'. To give you an idea of how big some of these writeoffs can get, when Lou Gerstner became IBM's CEO in 1993, the firm took an 8 BILLION dollar charge for layoffs and writeoffs in one shot.

Regards,
John