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

To: Jacob Snyder who wrote (61365)	9/19/2002 4:22:15 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Jacob, I couldn't have said it better myself. When I was in MBA school many years ago, I remember the three pillars of a sound business: customer, employee, and stockholder. The company must serve all three well or the company will eventually succumb to other competitors that do so. Cisco has been exemplary in serving the customer and the employee, but not the stockholder. I agree with you too that Cisco and Silicon Valley in general is so firmly committed to using all their earnings to enrich employees at the expense of shareholders, that investing in those companies is becoming folly. It's really too bad, because Cisco is such a great company. If they could only kick the stock option habit, then I believe they could really become a great investment again one day. But sadly, that day is far into the future. What's funny is that, as I told Lizzie, I bet if they got rid of stock options and paid more cash salaries instead, they'd have happier employees anyway. So they are fighting for something not worth saving.