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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.43-0.7%Jan 29 3:59 PM EST
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To: Wyätt Gwyön who wrote (46196)1/6/2001 9:50:21 AM
From: Wyätt Gwyön  Read Replies (1) of 77400
 
I find it immensely amusing that bulls on many kinky stocks like to look ignore GAAP accounting on the one hand (due to writeoffs), and so point to cash flows as the place to understand the true worth of the company; but on the other hand, THEY DON'T UNDERSTAND CASH FLOWS! If they did, they would be concerned about where the cash is really coming from, as John Shannon pointed out.
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