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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.32-0.1%Jan 30 9:30 AM EST
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To: Ed Forrest who wrote (46214)1/6/2001 12:43:29 PM
From: Stock Farmer  Read Replies (1) of 77400
 
Ed: You asked - "My only thought and question is "Are Ciscos accounting practices legal?"

I suggest the answer is "yes".

I personally stretch the thinking just a bit farther beyond "is it legal". Perhaps seek answers to questions such as "what does it mean"?

For example, what about a company who gives away $10 in "marketing incentives" for every $1 it receives in sales. Is it legal? Yes.

But stopping one's neurons at this point is precisely what led to a host of lemmings holding worthless .bomb fragments ;)

Ok, so my example is extreme, and I'm not trying to draw the inference that Cisco is a time.bomb - just that it's not a question of whether the accounting is legal, it's a question of whether the pile on the left is going to be bigger than the pile on the right, and by how much, and by when.

John.

P.S. I am glad of one thing - bulls and bears seem to be having an impersonal dialogue without thrashing each other personally. This is great.
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