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


To: Wyätt Gwyön who wrote (52056)4/23/2001 8:37:11 AM
From: bambs  Read Replies (2) | Respond to of 77400
 
John Chambers,and John Morgridge will forgo their salaries

Cisco President John Chambers told the Mercury News that he and Cisco Chairman John Morgridge will forgo their salaries to save the jobs of three employees who otherwise would have been laid off this week. Chambers made the disclosure at Saturday night's Silicon Valley Charity Ball.

www0.mercurycenter.com



To: Wyätt Gwyön who wrote (52056)4/23/2001 8:42:11 AM
From: bambs  Read Replies (2) | Respond to of 77400
 
Holder Suit Alleges Cisco Violated Securities Laws

interactive.wsj.com

The 54-page complaint cites Cisco practices it alleges tended to inflate Cisco's sales and net, including loaning money to Web providers and small telephone companies on the condition they buy Cisco products.

The suit also alleges that Cisco knowingly shipped defective or incomplete products to customers so the company could continue to collect revenue. In one instance, the suit alleges, Cisco charged $400,000 for "shells" of switches and other products that were missing key internal parts that were in short supply. The customer, Miami software maker Worldwide Web, has been engaged in a legal battle with Cisco and former Cisco employees since at least April of last year, court documents say.



To: Wyätt Gwyön who wrote (52056)4/23/2001 11:00:14 AM
From: RetiredNow  Read Replies (2) | Respond to of 77400
 
I know. I saw that. Absolutely incredible. Do those guys pay a dividend? I bet your money would be very safe with them during economic crises. I may very well consider putting more of my money into oil stocks, financial services and healthcare in the near future. I think it's time for all of us to scale back on the aggressive shit.



To: Wyätt Gwyön who wrote (52056)4/24/2001 12:44:52 AM
From: Victor Lazlo  Respond to of 77400
 
<<take a look at XOM's earnings: 5 BILLION DOLLARS for the QUARTER. that is more than cisco's REVENUE guidance, >>

i believe that is an all-time record for any co. Their 18 billion in net earnings for 2000 was an all-time record for any co.