Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.38

-0.1%

10:47 AM EST

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To: PMS Witch who wrote (49751)	3/10/2001 10:49:58 AM
From: RetiredNow	Read Replies (1) of 77398

In accounting terms, it's called the big bath. It's time to bring all the shit out of the closet and throw it away. Now's a good time to do it, because hell, things are as bad as they can get, so what's a little more bad news. Alot of companies are going to start taking charges for layoffs, restructuring, marking investments DOWN to market, writing off excess or overvalued inventory, etc. Bottom line is that it's a smart thing to do. It clears the way for future upturns, because it cleans up the balance sheet and unencumbers future earnings.

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