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

To: Proud_Infidel who wrote (51348)	4/12/2001 4:17:21 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 77400

Cisco Offers 6 Months Severance to Laid-Off Workers Brian Thanks for the info.Looks like the observation that the 400 million write off was indeed for layoffs. Ed PS I wonder how much longer this will continue and can it still be called a "suckers rally"? 12 April 17.98 11-Apr-01 17.52 18.05 17.23 17.40 51,697,000 17.40 10-Apr-01 14.95 16.25 14.62 15.86 8,591,400 15.86 9-Apr-01 14.16 14.50 13.70 14.49 75,640,100 14.49 6-Apr-01 14.75 14.875 13.375 13.625 97,979,300 13.625

To: Proud_Infidel who wrote (51348)	4/13/2001 10:40:17 AM
From: RetiredNow	Read Replies (3) \| Respond to of 77400

Holy shit! That is one hell of a great severance package. I've never heard anything like it for normal employees. Sure you get great packages for executives, but this is definitely going above and beyond. What a great company Cisco is. No wonder the employees are fiercely loyal. If they get treated like this when they're getting sent out the door, imagine how the one's that get to keep their jobs are treated on a day to day basis. One thing's for sure, Chambers is a man of honor who truly cares about people. This is very good evidence of that. This also confirms my believe that he has been open and forthright with sharholders and the public about their visibility and their internal operations. Anyway, this is a big charge, so it's a negative in the short term for shareholders, but I like knowing that the employees are well taken care of. The happier they are, the more money they can make the company, which translates into long term capital gains for me. Long live Cisco and Chambers!