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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject2/6/2002 6:58:23 PM
From: KeepItSimple  Read Replies (4) of 436258
 
CSCO CEO john chambers just said that they have sold all but 129 million dollars worth of the 2.4 billion dollars of inventory that they wrote down to zero last year.

LOL!!!

So they met the numbers by selling over TWO FRICKIN BILLION DOLLARS WORTH OF 100% MARGIN INVENTORY!! LOL!!

THEY ARE SO FUCKED!! If they only have 129 million of "free" inventory left, how are they possibly going to meet their future numbers?

It's easy to make a profit when the product you're selling is free. :)
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