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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-0.3%Nov 26 3:59 PM EST

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To: Techplayer who wrote (34015)4/16/2000 11:52:00 PM
From: The Phoenix  Read Replies (2) of 77400
 
OT OT

Cost of acquired goodwill needs to be included.. intangible yes.. but it matters.
And according to the filing this cost will continue for the "forseeable future".

1999 1998 1999 1998
--------- --------- --------- ---------

Net sales................................ $281.7 $63.8 $511.8 $121.2
Cost of sales............................ 139.2 33.5 264.5 62.4
--------- --------- --------- ---------
Gross profit........................... 142.5 30.3 247.3 58.8
--------- --------- --------- ---------

Operating expenses:
Research and development............... 21.6 5.8 38.9 11.4
Selling, general and administrative.... 33.8 8.4 61.6 15.5
Amortization of purchased intangibles.. 185.1 4.0 358.0 7.9
Acquired in-process research and
development.......................... 19.7 -- 19.7 --
Other operating expenses............... -- 6.3 -- 6.3
--------- --------- --------- ---------
Total operating expenses................. 260.2 24.5 478.2 41.1
--------- --------- --------- ---------
Income (loss) from operations............ (117.7) 5.8 (230.9) 17.7
Interest and other income, net........... 10.7 0.8 16.2 1.8
--------- --------- --------- ---------
Income (loss) before income taxes...... (107.0) 6.6 (214.7) 19.5
Income tax expense....................... 24.2 4.2 30.5 8.9
--------- --------- --------- ---------
Net income (loss)........................ ($131.2) $2.4 ($245.2) $10.6
========= ========= ========= =========

Basic earnings (loss) per share.......... ($0.38) $0.02 ($0.72) $0.07
========= ========= ========= =========

Dilutive earnings (loss) per share....... ($0.38) $0.01 ($0.72) $0.06
========= ========= ========= =========
Weighted average common shares
Outstanding............................ 345.3 158.1 342.1 157.3

Dilutive effect of stock options
Outstanding............................ -- 10.9 -- 11.1
--------- --------- --------- ---------
Weighted average common shares
Outstanding, assuming dilution......... 345.3 169.0 342.1 168.4
========= ========= ========= =========
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