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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (57891)8/8/2000 9:21:38 PM
From: Zeev Hed  Read Replies (1) of 99985
 
Haim, I am not sure the Street is going to see it your way, since to compensate for their real cash non operating gains of less than $550 MM they have non cash non operating charges of $630 MM in "bought in R&D and Amortization of goodwill", thus reducing their taxable income by a net of $80 MM but keeping the rest of the cash. That does no mean that after marking up the stock to the $68/$70 in post and premarket, they will not use the opportunity to sell it off after the first hour of trading. They have been doing this to companies reporting stellar earnings (except EMLX, recently), and CSCO ios just your normal earnings, as engineered.

Zeev
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