I know everyone hates Cisco's proforma numbers, but we need to be accurate. Cisco did not include their investment gains in their proforma numbers -- $0.16 EPS.
From Cisco's PR:
PRO FORMA ONLY
The above pro forma amounts for the quarter ended July 29, 2000 have been adjusted to eliminate the $461 million write-off of purchased in-process R&D, $26 million of payroll tax on stock option exercises, $37 million of acquisition related costs, $169 million of amortization of goodwill and purchased intangible assets, and $344 million of net gains realized on minority investments, net of related tax of $53 million.
The above pro forma amounts for fiscal 2000 have been adjusted to eliminate the $1.37 billion write-off of purchased in-process R&D, $51 million of payroll tax on stock option exercises, $62 million of acquisition-related costs, $291 million of amortization of goodwill and purchased intangible assets, and $531 million of net gains realized on minority investments, net of related tax of $0 million.
The above pro forma amounts for the quarter and year ended July 31, 1999 have been adjusted to eliminate the $81 and $471 million write-off of purchased in-process R&D, $16 and $16 million of acquisition-related costs, $19 and $61 million of amortization of goodwill and purchased intangible assets, net of related tax benefits of $11 and $54 million, respectively.
All historical financial information has been restated to reflect the acquisitions of StratumOne Communications, Inc. and TransMedia Communications, Inc. in the first quarter of fiscal 2000, and Cerent Corporation and WebLine Communications Corporation in the second quarter of fiscal 2000, and ArrowPoint Communications, Inc., InfoGear Technology, Corp., and SightPath, Inc. in the fourth quarter of fiscal 2000 which were accounted for as poolings of interests. In addition, the historical financial information has been restated to reflect the acquisition of Fibex Systems which was completed in the fourth quarter of fiscal 1999 and accounted for as a pooling of interests.
The net income per share and number of shares used in the per-share calculation for all periods presented reflect the two-for-one stock split effective March 22, 2000.
Ali |
