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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Perspective who wrote (32038)	10/28/2000 7:22:51 AM
From: Efthymios H. Zacharias	Read Replies (2) of 436258

from grant's: grantsinvestor.com <<B2 BOMBER by Eric J. Fry 06:00 PM 10\|26\|2000 What a guy, that Cisco, lending a hand to a customer in trouble! But, wait, it's whispered about that Sweden's Bredbandbolaget is getting financing to buy more goods from its oh-so-generous benefactor. Just whose red ink is at issue here? Swedish Internet company Bredbandbolaget (no relation to Henry Blodget) postponed its $400 million IPO scheduled for October 9 due to "unfavorable market conditions." The postponement by B2 (as the company is known) would hardy warrant a headline were it not for what happened next. "Cisco has come to the aid of Bredbandbolaget," Sweden's Svenska Dabladet newspaper reported on October 11. "The U.S. equipment supplier will guarantee Bredbandbolaget's continued operations for the next two years, provided the company can control its losses...." Why did Cisco ride to the rescue? Perhaps to control its own losses. If the rumor mill is to be believed, Cisco financed a sizable Bredbandbolaget purchase of Cisco products. If so, that raises a few questions: Is B2 emblematic of other credits on the Cisco ledger? Might other B2-like accounts receivable lurk in Cisco's accounting department? Will Cisco lend financial support to them all, like some sort of techno-IMF? Michel Camdessus, please forward your resume to: Cisco Systems Human Resources 170 West Tasman Drive San Jose, CA 95134 >>

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