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

To: RetiredNow who wrote (52159)	4/26/2001 10:07:56 AM
From: PMS Witch	Respond to of 77400

...If John Chambers resigns from Cisco, I'll immediately sell all my shares... I would think this was reasonable if Cisco was a one man show. Losing the man would destroy the show. Things looked grim for Cisco when the Learners (The founders) left. I was concerned about the future when Mordgrige would no longer be at the helm. Both these transitions were smooth, and Cisco had prospered under all three. I see no evidence that a transition to a fourth leader will result in Cisco's destruction. It appears that different skills are required to lead a company in difficult times than those needed to fully exploit a favourable business climate. If this is true, and I'm not totally sure it is, then perhaps Mr. Chambers abilities may not be well matched to his current challenges. Faced with this situation, Cisco shareholders, through their Board of Directors, must decide whether to replace Mr. Chambers with a leader more suitable for a defensive company posture, or to keep Mr. Chambers with the expectation that the current difficult times are temporary and that soon Cisco will be operating in a business climate requiring a leader possessing his abilities. I perceive Mr. Chambers' largest error at the helm of Cisco has been his excessive optimism. I see the evidence pointing toward the fact that a change of direction will be needed by Cisco was very weak and subtle at the time critical decisions were made. I do not fault Mr. Chambers' for his failure to read almost invisible signs -- signs that became clearer only much later, and too late for appropriate action. I believe optimists make the best leaders, even if they make occasional errors. I'd prefer Mr. Chambers remain. The big question today: Is CSCO likely to rise or decline from current prices? Cheers, PW.