Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

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 77.42

+4.6%

Nov 13 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: t2 who wrote (51461)	4/16/2001 4:31:36 PM
From: GVTucker	Read Replies (2) of 77398

No, nobody is surprised that CSCO warned. Everyone will be surprised at the extent of the warning. The low end of analyst estimates was a 20% sequential decline in revenues and 5¢ in earnings. They won't come close to the low end, contrary to what you say. In addition, the write offs are far larger than anyone imagined. To show how out of control CSCO's balance sheet has gotten, they're writing of $2.5 billion of inventory. The most recent quarter shows that CSCO had TOTAL net inventory of $2.533 billion. In addition, I find it almost comical that CSCO is going to fund a company called Velocita to the tune of $485mm, in exchange for Velocita buying $225mm of CSCO equipment.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next