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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.49+0.6%9:54 AM EST
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To: Tulvio Durand who wrote (47966)2/5/2001 2:11:08 PM
From: The Phoenix  Read Replies (2) of 77399
 
TD,

And more to the point is the underlying argument that inventory reductions are by their very nature an impact on margins and thus earnings and vice-versa. That is to say a company manages sales on a per product basis but manages inventories in the macro... and very much direct to the point - that each product does not have an associated cost.... that this is ignored and COGS are then calculated on the macro. Simply ludicrous.

OG
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