SyncMan, the options are not in the .14 number. The Pro Forma number that does reflect them was $.09 which was $.02 less than the $.11 pro forma income that CSCO had last quarter. A/R is still showing signs of stagnating accounts, current liabilities grew by 35% from last quarter.
"Other assets" grew by 145%. This is not a problem in and of itself, unless this is where CSCOs vendor financing is located. If so, this is a HUGE problem. Someone long CSCO should call investor relations and ask what this number is (or a bear - maybe I will).
As for my qualifications, anyone with some level of training/education in finance and/or accounting knows as much as any of the MF managers or analysts giving super duper buys on CSCO.
Here's an example:
Erik Gustafson, fund manager at Stein, Roe & Farnham, joins us now from Chicago
Message 13640068
What is Eric's background: He was invloved in securitied litigation (i.e., derivative suits, etc).
From 1989 to 1992 Gustafson was an attorney responsible for commercial and securities-related litigation with the Miami, Florida, law firm of Fowler, White, Burnett et. al. He earned a bachelor's degree in English and American Studies from the University of Virginia and both a master's degree in business administration and a juris doctor degree from Florida State University.
steinroe.com@@@@0250108899.0957921612@@@@&BV_EngineID=calhjkchgekbfdmckgcfjicil.0
Now, I have all of the above plus a CPA. He gets to go on T.V. and all of you think he has the word of God on CSCO. So, I guess that means that I'm qualified. What makes you qualified? |
