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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (96280)4/19/2001 1:11:44 PM
From: Haim R. Branisteanu  Read Replies (2) of 436258
 
Heinz ........ there are two option one it really is mostly outdated inventory worth may be 1/10 or 1/20 of what they bought it for = accounting fraud.

Second possibility - lets write inventory down this quarter and then use most of it during the next quarter. Cost of goods zero, gross margin expand ........ profit Q over Q go up ---- earnings growth is back at CSCO ....... stock zooms to the sky = premeditated accounting fraud.

So which one you prefer ?

Haim
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