am I missing something here ??? Phil ----- Original Message ----- From: "Ian Gomeche" To: Sent: Wednesday, June 27, 2001 6:23 PM Subject: INVESTORS STUNNED TO LEARN CISCO NOT JUST STOCK, ALSO COMPANY [7:10135] > INVESTORS STUNNED TO LEARN CISCO NOT JUST > STOCK, ALSO COMPANY THAT MAKES THINGS > Betrayed Shareholders Not Particularly Interested in Routers, Switches > > San Jose, Cal. (SatireWire.com) - The rumors about Cisco Systems have been > circulating for months, but the earnings warning and plunge in its share > price Tuesday left little doubt in investors' minds that Cisco is not just a > famous stock, but may in fact have been operating as a large company that > makes complex and incomprehensible equipment related to high technology. > > > "I got into Cisco two years ago because I was made to understand it was > really the tech stock to own," said Cisco shareholder Anthony Timson of > Rahway, N.J. "Honestly, it never occurred to me that there was anything more > to it. Frankly, I feel betrayed." > > Once considered the core high-tech holding, Cisco has watched its share > price fall 80 percent from last year's peak. As a result, much more > attention lately has been given to the company's market share, revenues, and > products, such as routers, switches, and Virtual Private Network > concentrators. Rarely, if ever, is Cisco simply identified as a highly > recommended stock or "surefire" high tech bet. > > While Cisco CEO John Chambers said he is sorry investors have had to learn > about the company this way, he believes the public defrocking will be good > in the long run. > > "Until recently, the only reason many people had heard of Cisco was because > our stock was famous," he said. "Now people will get to know us for what we > do. We'll be just like any other high tech company." > > Timson, however, disagreed. "Other high tech companies make @!#$ I can > understand," he said. Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=10156&t=10156 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
