Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

3:59 PM EST

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To: Wyätt Gwyön who wrote (51041)	4/4/2001 9:55:25 AM
From: RetiredNow	Read Replies (1) of 77400

Hey Mucho, it looks like they are starting the warning process for the big bath I talked about earlier. Except, I was guessing they'd take a charge of $500 million for marking investments to market. If this statement is true, they might have to mark them down as much as $1 billion. I guess it depends on their relationship with their auditor, but I'd guess most auditors would now say that their is only a remote possibility of a return of these stocks to their 3/2000 levels any time soon. That would indicate a sizeable markdown. That ups my guess of a total of one time charges to $1.7 billion. My first guess was $1 billion, but I upped it to $1.2 billion a week ago after looking at their financials. Now I think it will be $1.7 billion in total. They may do it all in one quarter or they may give us the water torture. I hope they do it all this quarter.

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