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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 79.74+1.7%9:56 AM EST

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To: High-Tech East who wrote (50341)3/26/2001 10:25:30 AM
From: M. Charles Swope  Read Replies (2) of 77400
 
"CSCO, more than any company that I am aware of, has misled Wall Street, themselves and shareholders by using "pooling" ..."

I find this hard to accept. Every acquisition made by CSCO was described in the press as a "pooling of interests" transaction. There has been a vast amount of publicity given to this accounting treatment of acquisitions due to the FASB's attempt to change the standards to disallow it. Anyone who failed to understand the implications has themselves to blame. Arguing that CSCO somehow misled people by using pooling is simply an excuse for a failure to undertake DD.

Charlie
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