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

To: RetiredNow who wrote (66803)	1/4/2005 12:58:31 PM
From: Kirk ©	Respond to of 77397

Chambers: "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." I don't find it at all ironic that one of the very most corrupt societies, China, has found it profitable to emulate an American method to transfer wealth from ordinary citizens (aka investors) to corporate insiders who pay the government to help make laws to allow it.

To: RetiredNow who wrote (66803)	1/4/2005 2:33:26 PM
From: carranza2	Read Replies (1) \| Respond to of 77397

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." Heck of a silly thing for Chambers to say. And a dishonest one, too, in my view. Nothing per se wrong with granting options. FASB and anyone who has studied the issue simply wants corporations not to play three card monte with the shareholders when they are granted. But someone tell me what makes Chambers worth $73 million a year? And why an established company like CSCO needs to give someone like him that kind of compensation? I might (again) be an investor if CSCO were not so slick with options. I don't have the accounting werewithal to see how expensing will specifically affect CSCO, but I suspect its beat-up price may reflect to some degree the market's recognition that it will suffer mightily when it is finally forced to expense them.

To: RetiredNow who wrote (66803)	1/4/2005 3:44:48 PM
From: Peter Joseph	Respond to of 77397

Re: We in the U.S. have less than 10% of our master's students go into these areas. The rest of the students in the U.S. Computer Science graduate programs are from abroad! Still the best higher education system in the whole world. Re: they have an unusually supportive government Not true in the case of India. Outsourcing conglomerates (Infosys, Wipro, Tata) found that niche. The government is just rubbing it's hands in glee, bewildered at it's good fortune. Re: but also in terms of employee ownership Chambers is an inspiring leader during 99% of the time. However, bring up the issue of stock options and you can easily detect his flawed reasoning. He predicts a mass exodus of jobs abroad. Even when Cisco has been doing just that for several years now. In other words, nothing but scare tactics. Will Congress strike the FASB directive down? Quite possible, given the lobbying efforts that are still on in Washington. Besides, Chambers does have a few friends in influential positions.