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Politics : Formerly About Advanced Micro Devices

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To: chic_hearne who wrote (123018)8/24/2000 1:10:20 AM
From: Cirruslvr   of 1581518
 
Chic - RE: "I think wall street as a whole has just decided to let companies get away with this type of accounting."

That's what I think. Cisco and Intel have created nearly ONE TRILLION dollars worth of wealth for its investors. So many funds own these stocks and have gotten a LOT of their gains over the years from these companies. That's why CSCO's PE can be so high and Intel can sell stock and claim it is earnings and also show little growth in operating earnings over the past couple of years.

Just for the record, I have nothing against CSCO or its PE. CSCO is amazing. It is huge, but still grows that fast. Intel...can do whatever it wants as long as eps grows, even if comes from financial engineering. It has a great history to support itself.
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