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

To: Ron who wrote (52189)	4/26/2001 9:08:25 PM
From: SyncMan	Read Replies (1) \| Respond to of 77400

I think CSCO has 13B in short term securities. It was never a question about not being able to pay somebody. It is a case of a massive downturn in the enterprise/service provider market which effects the growth rate of the company, and the growth rate of the companies means that it doesn't need as many workers. I don't think the labor unions are going to get much out of this. People in labour unions get laid off all the time. I wonder if they get 6 month severance packages?

To: Ron who wrote (52189)	4/27/2001 8:35:02 AM
From: Bill McEachern	Read Replies (1) \| Respond to of 77400

Well, once a job offer is made and accepted, there is a contract between the employer and future employee. Now look at it from the students prospective. He signed in good faith to start working n months in the future once he graduates. So, he goes back to studying and forgets about job hunting. Now 4 or 6 months later he finds out the company does not require his services. Screwed! Maybe he will be unemployed for a couple of months after graduation with the student loans still requiring interest payments. So, I think its fair that companies have to pay to break those employment contracts. One or two months pay at least would be generous enough. Bill

To: Ron who wrote (52189)	4/27/2001 10:26:35 AM
From: M. Charles Swope	Read Replies (1) \| Respond to of 77400

"CSCO and NT are giving college students severance and job placement help." I don't agree that this should cause any resentment. It's pretty standard practice and seems like the decent thing to do. After all, people who accepted a job offer stopped looking for something else and they now find themselves looking for another position after the hiring season is over and in a difficult market. They've been quite adversely affected by having those offers rescinded. I think they're as much entitled to some help from the companies as actual employees. And it's in the companies' own interest not to alienate people they would have wanted to hire if times were better. They may be trying to recruit these same people in the not too distant future. Charlie