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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 1:36:05 PM
From: benwood  Read Replies (2) of 436258
 
If Cisco gets away with this, shouldn't every company write down all inventory every quarter, thus restating the prior (but who cares) quarter and effectively allowing their perceived current net margins to soar? They'd be idiots not to. The next step I suppose is to write down inventory to less than zero, say, minus a billion dollars (cost of likely disposal, say). Scam, scum, whatever...
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