SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.12-0.4%Dec 22 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bambs who wrote (48692)2/10/2001 1:05:45 AM
From: Tulvio Durand  Read Replies (1) of 77400
 
Bambs, I think you got it wrong. GVT provides the following excerpt of Cisco's report,

Per Cisco: "Pro forma net income, which excludes the effects of acquisition charges, payroll tax on stock option exercises, and net gains realized on minority investments, was $1.33 billion or $0.18 per share for the second quarter of fiscal 2001."

ie., the 18¢ excludes investments gains and other one time events.

So 18¢ should be used in calculating PE, not 11¢ as you suggest. [Moreover, I would argue that investment gains are not one time events and should be added to income when figuring PE].

Tulvio
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext