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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 3:59 PM EST

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To: lawdog who wrote (34591)	5/8/2000 7:59:00 AM
From: Zoltan!	Read Replies (1) of 77399

>>2. FASB will probably eliminate pooling of interest accounting for acquisitions thus eliminating one more earnings management tool. And yes, CSCO uses pooling frequently. aicpa.org; Forget about it. "Pooling" is arguably more accurate than the alternatives. You just don't understand it. Proving that mere accountants shouldn't be allowed to fool around with important matters. Let smart people prevail in those areas. Silicon Valley is important and what they say does matter. Many cite "pooling" as a key advantage over foreign competitors and a major contributor to the success of US tech firms over the laggards of most countries. Of course there have been abuses - no doubt perpetrated with an assist by your "green eyeshade types" - and the Feds should ferret them out - not punish high tech, the driving engine of US growth - by prohibition. Small, fast growing companies would be especially hurt by such a blunderbuss approach.

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