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

To: RetiredNow who wrote (66802)	1/4/2005 11:36:22 AM
From: RetiredNow	Read Replies (3) \| Respond to of 77397

Article on Cisco: "You talked in the last quarterly report conference call about the coming competition from Asian companies. What is happening there and why? Chambers: Well, first of all, competition is very good for you. I learned that the hard way at IBM and Wang. It keeps you on your toes. I believe the best competitors globally will come from an environment that has a combination of three things: first, an extremely good education system that focuses on computer sciences, math and basic science. China, as an example, graduates 25% of university graduates in these areas. It's huge. We in the U.S. have less than 10% of our master's students go into these areas. Second, they have built a very competitive infrastructure. Third, they have an unusually supportive government, not just on issues such as education and an easy environment to do business in, but on stock options and other things. I find it ironic that the U.S. invented the sharing of the success of the company with its employees very broadly, and now we have other countries around the world that beat us not only in education and infrastructure, but also in terms of employee ownership."