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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 86.28

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To: kvkkc1 who wrote (52249)	5/3/2001 9:40:45 AM
From: Amy J	of 77400

RE: "After claiming a write-off of the magnitude they did, can they reduce it anytime they want if sales unexpectedly picked up since they claimed the write-off? " ----------- Hi Kvkkc1, I saw a post on this thread that contained a quote from a Cisco spokesperson on this same issue. As best as I recall, I believe the theme of it was, yes, they are keeping the inventory in a warehouse in case sales pick up, but if it is indeed used they would undo the write-off (this is what I seem to recall). However, they said they were somewhat doubtful it would be used, which is why they said they executed a write-off. I personally find it hard to believe they would be unable to sell their inventory, depending upon exactly what type of product it is. I see accounts that could benefit from a Cisco product upgrade. I'm not sure what type of product-lines are in inventory, so this may not apply, but possibly Cisco feels it's better to toss product out than to sell them at a deep discount and establish a permanent pricing pattern? Regards, Amy J

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