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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.69+0.4%3:59 PM EST

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To: The Phoenix who wrote (43861)11/29/2000 8:43:23 PM
From: chic_hearne  Read Replies (1) of 77400
 
Phoenix,

But surely GTW's disappointment has more impact than CSCO than BRCD.

I guess that depends how thick the rose colored glasses are and how objective you can be when looking at the numbers.

I for one see major potential problems for Crisco from the Gateway news.

Buried deep in the warning, you will see they are taking a $200 million write off for bad "investments" in tech companies.

As Bambs, Monty, and I have been crowing about for months, Crisco isn't growing operating profits. All the new profits are coming from "investments" in tech companies.

Therefore, I think this is very significant for Crisco, as well as ORCL, MSFT, INTC, and all the other big tech with bloated financial statements.

chic
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