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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: Monty Lenard who wrote (46229)	1/6/2001 8:50:53 PM
From: James F. Hopkins	Read Replies (1) of 77400

Monty ; Another message most of the market is missing is missing. The AICPA has recently changed the rules and these companies that have been buying other companies and will no longer have to amortize the purchased goodwill. This was , announced just before Christmas, and is to be retroactive applied & it will affect the reported EPS for this current quarter. While it's all on paper it sure will help the P/Es of companies like CSCO. ----------- Instead of re-stating earnings down ward , as soon as the book keepers finish a rash of re-stating up-wards will likely hit. And taht could do as much or more than the rate cut. Jim

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