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

To: kvkkc1 who wrote (52792)	5/10/2001 10:18:46 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

Yeah, but he was correct in saying that Dell is also smart enough not to get into too many long term component contracts when their are shortages. Basicly, John Chambers screwed up here. He made a big bet that the demand would be there and he bought the inventory so he wouldn't lose out on sales, like he had been in the past due to shortages. The demand disappeared and Cisco got clobbered. It was a calculated risk that didn't pay off. That doesn't mean Chambers should get the axe, it just means he's learned a big lesson and we paid for it. But now I feel more strongly than ever that Cisco is positioned for the future, because Cisco has never experienced a downturn before, but now they know how to approach one - with caution and conservatism.