Daily market summary and stock picks

THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR MONDAY MAY 15TH. 2000

DOW INDUSTRIAL: 10807.78 = +198.41

NASDAQ: 3607.65 = +78.59

S & P 500: 1452.36 = +31.40

MOST ACTIVE STOCKS & SECTORS

The markets closed strong on the eve of the Federal Reserve Open Market Committee (FOMC) meeting. Gainers included: Allstate, Amgen, AOL, Applied Materials, Applied Theory, Aquila Biopharmaceuticals, AT&T Wireless, Autozone, Banc of America, Champion International, Cisco Systems, Citigroup, Coinmach Laundry, Comcast, Compaq, Dell, Echelon Corp, Elan Corp Plc, Ericsson, Excite@Home, GE, Global Crossing, GM, Home Depot, Intel, International Paper, JDS Uniphase, Lucent Technologies, Marsh & McLennan, Micron Tech, Microsoft, Motorola, Nabisco Group, NaviSite, Nokia, Novell, Oracle, Parametric, PEI Corp, Pfizer, Philip Morris, Pioneer group, Progress Corp. OH, Qualcomm, Sun Microsystems, Three Five System, Worldcom, and Yahoo!

MAIN REASONS FOR ACTIVITY

Stock market trading volume was one of the lowest on record as analysts and investors wait for the Federal Reserve interest rate actions tomorrow. Bond yields and the Dollar were up as investor confidence in the Federal Reserve's ability to fight inflation increases. For more insight on the Federal Reserve, visit our Federal Reserve Monetary Policy Monitoring Page.
June Oil futures rose again today by about 30 cents to close at $29.92/barrel after OPEC president Rilwanu Lukman made it known Sunday that, no OPEC member have indicated interest in raising production quarters.
Sources close to the deal said Lycos and and Spain's Terra Networks are in merger talks valued at about $10 billion; Lycos keeps gaining in after hours trading. Our question is, shouldn't it be an outright acquisition of Terra Networks by Lycos this late in the game? Post your comments here.
Philip Morris, Danone of France, and U.K.'s Cadbury Schweppes have presented bids for Nabisco Holdings, the Food unit of the Nabisco Group.
It is now official. International Paper is acquiring Champion International, both wood products companies, for $7.3 billion.
Aquila Biopharmaceuticals have maintained a Boston Investment Bank in hopes of performing some acquisitions.
Applied Theory, and e-business Software company, is acquiring privately held Cordada Group for $16 million.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

The Federal Reserve's FOMC will raise interest rates by 25 bases (0.25%), and issue a strong statement on its intention to raise them again in June, if inflationary pressures continue. Visit our Federal Reserve Monetary Policy Monitoring Page to see our analysis, and Post your views here.
Pay attention to our sector recommendations or individual stock picks below.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ:

Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, Amgen, Anaren Microwave, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Ask Jeeves, AudioCodes Ltd., Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Immunex, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Linear Technology, Looksmart, Luminex, Metasolv Software, Metrix One, Microsoft, Neoforma.Com, Net2Phone, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Numerical Technologies, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, RiverDeep Group Plc., Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, WorldCom, Yahoo! and Zebra Technologies.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

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MARKET SUMMARY FOR FRIDAY MAY 12TH. 2000

DOW INDUSTRIAL: 10609.37 = +63.40

NASDAQ: 3529.06 = +29.48

S & P 500: 1420.96 = +13.15

MOST ACTIVE STOCKS & SECTORS

The markets rallied for the second day in a row as more good economic news were released. Gainers included: 3Com, AES Corp, Agilent Technologies, Allstate, Alltrista, AMFM, AOL, Atmel Corp, AT&T, AT&T Wireless, Banc of America, Banc Stock Group, Cablevision Systems, Cell Therapeutics, Chase Manhattan, Cisco Systems, Citigroup, Citrix System, Clear Channel Communications, Compaq, Conexant System, Cox Radio, Dell, Disney, Ericsson, GE, Gemstar, Gerber Scientifics, Global Crossing, GM, Husmann International, IBM, Informix, Interwave Communications, IXYS Corp, Lucent Technologies, MediaOne, Micron Tech, Microsoft, MicroStrategy, Motorola, Nabisco Group, Nabisco Holdings, Nokia, Nortel Networks, Oracle, Pfizer, Radio One, Scientific Atlanta, Sequoia Software, Solectron, Sun Microsystems, Tellabs, Terayon Communications, Three Five System, Time Warner, Tyco International, Viacom, Vishay Intertech, Worldcom, Xerox, and Yahoo!

MAIN REASONS FOR ACTIVITY

U.S. Department of Labor reported that, US Producer Price Index (PPI), a broad measure of inflationary pressure in the wholesale sector, unexpectedly dropped 0.3% in April, 0.1% above economists' forecast, and the largest drop since February 1999. The Core PPI, which excludes volatile energy and food sectors, rose in line with expectations by 0.1%. Wall Street now expects an even less severe rate increase from the Feds on Tuesday (May 16th.) For more insight on the Federal Reserve, visit our Federal Reserve Monetary Policy Monitoring Page.
June Oil futures rose 51 cents to close at $29.63/barrel on concern that, there will be shortages in the second half of the year.
Coffee prices collapsed today. Coffee July futures closed at 94.50 cents a pound, the lowest price in Seven Months.
The Euro closed the week higher at 91.94 cents to the Euro.
It was a good day to be a Cable or Radio media company today. Record advertisement sales for the Fall Season had all related stocks jumping, thanks to an article in the Wall Street Journal too.
Internet Capital Group (ICG) reported fiscal Q1 net income of $1.30 a share, well above Q1 1999 per share profits of 14 cents a share. The high income was due mostly to its sale of stakes in Ariba, etc. Robertson Stephen and USB Piper Jaffray downgraded ICG because they feel this income growth is not sustainable. What do you think? Post your comments here
Sequoia Software, an extended markup language (XML) developer for faster web transactions, debuted its IPO today and closed with a 26% gain from the offering price.
IXYS Corp, a high performance semiconductor devices maker, reported that, fiscal Q4 2000 net income at 19 cents a share, as compared to 64 cents a share losses in fiscal Q4 1999. For fiscal year ended in March, revenue was up 15.2% from previous year.
Marlin Partners II, which owns a 9.1% stake in Allstrista, a metal and plastics products maker, wants Allstrista to go private at $30 a share. No suitor has been named yet. Marlin Partners are frustrated with the company's failure to boost investor value; Allstrista closed at $24.75 a share.
Ingersoll-Rand is paying $1.56 billion for Husmann International, a food and refrigeration products manufacturer.
Carl Icahn, the well known financier, raised his bidding price for Nabisco Group by $6/share to $22 a share; Nabisco Group closed at $19.68 a share.
Xerox's decision to let go its outside CEO, and hire its former CEO is getting mixed reviews on wall street. The scales seem to favor the decision for now. What do you think? Post your comments here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

The markets will be nervous and most likely close lower. However, bargain hunting in Technology, Internets (major portals) and Biotechnology issues will continue.
Pay attention to our sector recommendations or individual stock picks below.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR THURSDAY MAY 11TH. 2000

DOW INDUSTRIAL: 10545.97 = +178.19

NASDAQ: 3499.58 = +114.85

S & P 500: 1407.81 = +24.76

MOST ACTIVE STOCKS & SECTORS

The markets rallied as an unexpected good news in the Retail Data cools inflation fears (see below). Speeches from Chase H&Q Technology conference and sector outlooks also helped Technology and Internet Stocks. Gainers included: 3Com, ADC Telecom, Amdocs Ltd, Applied Materials, Astropower, Atmel Corp, BP Amoco Plc, Broadvision, Calico Commerce, CNA Financial, Coca Cola, Cisco Systems, Citrix System, Comcast, Compaq, Computer Associates, Dallas Semiconductor, Datron System, Ericsson, EuroWeb, Exodus Communications, Gap, GE, Global Crossing, Go2Net.Com, IBM, Inktomi, International Rectifier, IXYS Corp, JDS Uniphase, KLA Tencore, Land's End, Loudeye Technologies, Lucent Technologies, Lycos, Mecator Software, MediaPlex, Mentor Corp, Micron Tech, Microsoft, Motorola, Nokia, Nortel Networks, Novell, Oracle, QLogic, Qualcomm, Quanta Services, Red Hat, Republic Services, Rivals Art Technology, Snap On inc, Tellabs, Tumbleweed Communications, Value America, Vignette, Vodafone Airtouch, Waste Management, Williams Communications, Worldcom, and Yahoo!

MAIN REASONS FOR ACTIVITY

U.S. Department of Commerce reported that, Retail Sales for April dropped 0.2%, the first drop since August 1998. Analysts were expecting an increase of 0.5% for the period! This is the first sign to date that can indicate the economy is slowing down. Wall Street expects a less severe rate increase from the Feds on Tuesday (May 16th.) For more insight on the Federal Reserve, visit our Federal Reserve Monetary Policy Monitoring Page. The biggest gainers due to the news were Technology, major Internet companies, and Semiconductor manufacturers. What do you think? post your viewpoints here.
AFTER CLOSE: Dell Computers reported fiscal Q1 earnings that beat estimates by 3 cents a share. Dell is gaining in after hours trading on Instinet.
Value America, the cash strapped online retailer, reported fiscal Q1 losses were 10 cents a share less than expected. Value America also reported $90 million from new financing.
Inktomi's CEO announced at the Chase H&Q technology gathering that, Inktomi has the ability to increase its market share in search queries. The CEO also made known that, Hand-Held devices will account for about 20% to 30% of the search market in the near future.
IBM is to develop newer server models to compete with Sun Microsystems'.
Internet Media Services, the "do it all" Super site from Intel, was announced today.
Williams Communications' nationwide networks will be used by Intel's Internet Media Services to deliver streaming media content.
Loudeye Technologies, Marc Andreesen new company, announced plans to provide digital media content to Intel's Internet Media Services.
IXYS Corp reported that, fiscal Q4 revenues rose by 33%!
CNA Financial reported fiscal Q1 earnings that beat estimates by 6 cents a share.
Semiconductor chip makers closed higher, thanks to a strong demand for chips.
Mentor Corp reported fiscal Q4 earnings that beat estimates by one cent a share. Mentor also received FDA approval for its Saline-Filled breast implants. Mentor was upgraded by CIBC WorldMarkets, Preferred Capital Markets, Adams Harness, and USB Piper Jaffray.
Lycos announced an agreement with Lloyds TSB Group to provide free Internet Services to Lloyd's European customers.
Applied Materials' fiscal Q2 earnings met estimates. Applied Materials also expressed interest in a listing on NASDAQ Japan.
Red Hat's Chief Financial Officer (CFO), Mr. Hal Covert, made known that he expects the company to double year-over-year for at least 4 years. Mr. Hal also said that Red Hat will break-even by 2002.
LATE WEDNESDAY: Tumbleweed Communications announced a deal with Mitsui & Co. of Japan. Mitsui is to market Tumbleweed's products in Japan.
LATE WEDNESDAY: Vignette signed its largest deal in history with Terra Networks, a subsidiary of Telefonica Mexico.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

The markets will continue today's rally.
Expect these individual stocks to lead the rally: Dell, JDS Uniphase, Intel, Rambus, Microsoft, Lycos and Yahoo! What do you think? post your viewpoints here.
Bargain hunting in Technology, Internets (major portals) and Biotechnology issues will continue, causing the markets to close stronger.
Pay attention to our sector recommendations or individual stock picks below.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR WEDNESDAY MAY 10TH. 2000

DOW INDUSTRIAL: 10367.78 = -168.97

NASDAQ: 3384.73 = -200.28

S & P 500: 1383.05 = -29.09

MOST ACTIVE STOCKS & SECTORS

The markets continued their slide today, especially Technology issues, due primarily to interest rate hikes fears and future earnings warning. Gainers included: 3DO, Advanced Digital, Alza Corp, Amarin Corp, British Airways, Carey International, Champion International, Ciena, Coca Cola, Citrix System, Echelon Corp, E Lauder Traces, Eufula Bancorp, First Data, Fox Entertainment, Home Depot, Mark IV Industries, On Command, Pepsico, Philip Morris, PremiumWear, QLogic, RJR Tobacco Holdings, SBC Communications, SNB Bancshares, Unilever, Wal-mart, Western Digital, WMF Group Ltd, and Yahoo!

MAIN REASONS FOR ACTIVITY

Qlogic reported fiscal Q4 earnings that beat estimates by 3 cents a share.
Prudential Mortgage Capital is paying $ 138 million for WMF Group.
Echelon's Lonworks networking technology is to be used by Italy's Enel SpA. Enel is also buying about 3 million new shares of Echelon.
International Paper raised its bid for Champion International to $75/share.
First Data is to buyback about One Billion dollars worth of its stocks.
3DO reported fiscal Q4 earnings that beat estimates by 2 cents a share.
24/7 Media's fiscal Q1 losses were 9 cents a share less than expected.
Fox Entertainment reported fiscal Q3 earnings that beat estimates by One cent a share.
BC Partners Ltd. of the U.K. is nearing a deal to acquire Automotive and Industrial products manufacturer Mark IV Industries.
The Bond yields rose for the second day in a row.
Unilever reported that, fiscal Q1 profits rose by 12%!
Microsoft presented its proposal to the anti-trust judge today. Microsoft rejected the breakup proposal, but outlined its willingness to go for restrictions on its trade practices.
Intel reported a chip defection that can cause systems to crash. The 820 chipsets, generally for its cheaper models, are the victims. Intel has accepted full responsibility, and has the defect detection software at its site.
Cisco Systems cautioned that, component shortages could hurt results in the next quarters. Cisco seems to dismiss the fears raised by the Barron's article. Should they? What do you think? post your viewpoints here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Bargain hunting will cause Technology and Biotechnology issues to close the week strong.
Pay attention to our sector recommendations or individual stock picks below.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR TUESDAY MAY 9TH. 2000

DOW INDUSTRIAL: 10536.75 = -66.88

NASDAQ: 3585.01 = -84.37

S & P 500: 1412.14 = -12.04

MOST ACTIVE STOCKS & SECTORS

The markets closed lower as interest rate hikes fears get closer. Gainers included: 3Com, Acme Communications, Bandag Corp, BOC Group, Central Park, Coca Cola, Computer Sciences, Creative Host Services, Diageo Plc., EarthLink, Excite@Home, GM, IBM, Legg Mason, Manpower, Metamor Worldwide, Nexell Therapeutics, Oratec Interventions, PC Holdings, PetroGeo, Polymer Group, PSINet, R&B Falcon, Shurgard Storage, UTD Bancorp, Visual Networks, Wal-mart, Worldcom, and Zomax.

MAIN REASONS FOR ACTIVITY

PSINet reported a record fiscal Q1 revenue of $222.9 million, a 113% increase over 1999's Q1.
Oratec Interventions was upgraded by Piper Jaffray, Merrill Lynch, and JP Morgan.
Sprint is paying $ 431 million for 26 million shares of EarthLink. Sprint now owns 26.7% of EarthLink.
3Com is to buyback about One Billion dollars worth of its stocks.
Sprint's new Frame Relay Performance Manager will use Visual Networks' Technology.
Wal-mart reported fiscal Q1 earnings that beat estimates by One cent a share.
Computer Sciences was upgraded by Paine Webber.
Coca Cola's earnings estimates were raised by Goldman Sachs.
Brian Roberts, President of Comcast, has expressed interest in AT&T's 56% stakes in Excite@Home.
The Bond yields rose for the first time in 7 trading sessions.
Oil and Gold futures closed higher.
The Euro rallied on the rumors that, European Central Banks will intervene to prop the currency.
AFTER CLOSE: Cisco reported fiscal Q1 earnings beat estimates by one cent a share, while sales rose 55% to $4.92 billion for the year. Barron's now probably wish they held back their story for about 36 hours. What do you think? post your viewpoints here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Cisco Systems and Microsoft will lead the rally for Technology, Internet Portals and Biotechnology. Have a different point of view? Post it by clicking here
Pay attention to our sector recommendations or individual stock picks below.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR MONDAY MAY 8TH. 2000

DOW INDUSTRIAL: 10603.63 = +25.77

NASDAQ: 3669.38 = -147.44

S & P 500: 1424.17 = -8.46

MOST ACTIVE STOCKS & SECTORS

The NASDAQ closed lower as a comment in Barron's (see below) tumbles technology stocks. Gainers included: Abercrombie & Fitch, American Express, American Home Products (AHP), Amerigon, Ancor Communications, Avista, Bank of America, BF Goodrich, Biomira, Bristol Myers Squibb, China.Com, Chordiant Software, Citigroup, El Paso Energy, GE, Genentech, Home Depot, Howell, IBM, ImmunoGen, JC Penny, Keitley Instruments, Legg Mason, Metris Companies, Mitchell Energy, MP3.Com, Nexell Therapeutics, Orchid BioSciences, Parametric, Pfizer, Philip Morris, PSINet, Schering-Plough, Tiffany, Tyco International, UAL, Verio, Wal-mart, WMS Industries, Worldcom, and Xerox.

MAIN REASONS FOR ACTIVITY

Cisco Systems lost 7% of its value after an article in Barron's stated that Cisco is heavily over valued. This article set the tone for massive losses in the technology and Internet sectors (and Technology stocks heavy NASDAQ).
NTT, Japan's behemoth Telephone, wireless, and Internet Corporation, is to pay $5.5 billion for the remaining 90% stake in Verio, a US Internet Service Provider (ISP). This will mark an aggressive entry for NTT into the competitive US market, as opposed its near monopoly in Japan. NTT is also rumored to have interest in Royal KPN and Orange PLC. of the Nertherlands and U.K. respectively; both are major mobile wireless players in Europe.
Qlogic is acquiring Ancor Communications in a deal valued at $1.7 billion.
Genentech is collaborating with Immunogen to develop treatments for certain cancers.
Tyco International is paying $750 million for the electronic equipment unit of Thomas and Betts.
El Paso Energy was upgraded by Donaldson, Lufkin & Jenrette.
Keitley Instruments announced a 2 for 1 stock split.
MP3.Com announced that it has signed an agreement with Broadcast Music, a purveyor of Online Music.
The Bond market continues to be hit hard as analysts expect up to 50 bases (0.50%) points interest rates hike by the Feds. For more on possible Federal Reserve action, visit our Federal Reserve Monetary Policy page. If you have opinions about our Federal Reserve analysis, post them here
CS First Boston upgraded BF Goodrich.
Chase H&Q upgraded Tiffany.
Prudential upgraded WMS Industries.
Pfizer was upgraded by Lehman Brothers.
The Euro, the common currency of Europe, continued its free fall today, ending the day at 89 cents to a Euro. Word is, European Central Banks have no intention of intervening soon.
AFTER CLOSE: Amazon announced a 2 year exclusive bookselling deal with Oxygen Media Group. Under the deal, Amazon will also advertise on Oxygen's Cable Network.
AFTER CLOSE: US District Judge Whyte accepted Microsoft's request for a summary judgment on Sun Microsystem's lawsuit. The Judge also rejected Sun's Java Copyright claims.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Two points need to be made:
First of all, any newspaper that judges Cisco systems based on its Price - Earnings (P-E) ratio relative to its counterparts needs to learn about the new economy a little better. Cisco might have counterparts, but has no competitor in its core businesses, which are new and growing.
Secondly, Cisco Systems keeps anticipating the future direction of the new economy and makes aggressive investments in the sector, which it ends up dominating. Normally, Cisco takes over a company, but maintains the original team to keep the creativity spirit intact. Cisco rather ends up with a team dedicated to keeping the company number one in their business sector, which raises the company's (and their) share prices. This