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


To: RetiredNow who wrote (52065)4/23/2001 11:08:01 AM
From: GVTucker  Read Replies (2) | Respond to of 77397
 
Lee Iacocca's salary was $1 the year that Chrysler took a handout from the governement.

Steve Jobs' salary at Apple is $0.

Happens all the time.



To: RetiredNow who wrote (52065)4/23/2001 7:08:58 PM
From: bambs  Respond to of 77397
 
will he forego his year end bonus too? wasn't the salary around 360k and his bonus $1 million?

The hole thing is a joke, if you ask me. This write down of inventory stinks. $2.5 billion! I would bet that they use that inventory to make margins look bet and give the appearance of earnings growth.

In my opinion CSCO has zero credibility. I said months ago that the csco story would play out just like LU. The stock charts now look the same. Old mount csco hasn't hit bottom yet though...LU either for that matter...CSCO is lucky that it has lots of cash...at least they won't be in debt trouble like LU. I don't think the vendor financing issues will bankrupt csco like they could LU when combined with high debt.

Anyhow...have fun gambling on the long side in this garbage casino market full of garbage stocks.

finance.yahoo.com@%5Endx

I wonder how many of the above will go bust over the next 5 years.

I bet 10% at least, could even be as high as 20%

Bambs