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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: Tulvio Durand who wrote (48900)	2/13/2001 7:47:12 AM
From: GVTucker	Read Replies (2) of 77400

Tulvio, RE: How can 11¢ which includes investment gains be a smaller number than 18¢ which excludes investment gains? Sigh. Because the 18¢ number also excludes other costs. Look at the press release! I will quote the Cisco earnings press release one last time. This is verbatim from the post I originally made. 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. Next paragraph: Actual net income for the second quarter of fiscal 2001 was $874 million or $0.12 per share, compared with $816 million or $0.11 per share for the same period last year. The GAAP earnings number was $0.12. I had earlier said $0.11 in a post, which was the comparative number for last year.

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