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Technology Stocks : Micron Only Forum

MU 234.19

-2.2%

Dec 3 3:59 PM EST

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To: Chas who wrote (52464)	4/18/2001 12:01:24 AM
From: GoodQ	Read Replies (1) of 53903

CISCO inventory. Someone mentioned in CNBC that the total inventory stated by cisco is 4.4Billion. Cisco will write-off 2.5B and thus still have 1.9B in inventory. There are some questioning the GAAP allowance for the 2.5B write-off since most of those inventory should still have much market value and CISCO is taking a big hit now to arrange better future earnings. those written-off parts will cost $0 when used in future products and thus reduce the expense. If those 2.5B includes the rummored 800million in DRAM. CISCO can now sell those DRAMs in the market for $1 each and still make money since they already wrote it off. When those DRAM hits the streets, I think it will be ugury.

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