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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.18

+0.2%

Dec 26 3:59 PM EST

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To: JakeStraw who wrote (59619)	5/29/2002 7:57:32 PM
From: Victor Lazlo	of 77400

<<Ms. Mahler said the improvement had less to do with sales increases, and more to do with how Cisco was using excess inventory, for which the company took a $ 2.25 billion charge last year. She suggested Cisco's use of the inventory was artificially inflating gross margins. >> As my posts at the time of the earnings release indicate, I agree with Ms. Mahler. I just hope she didn't plagiarize my comments.... <gg>

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