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Strategies & Market Trends : Sharck Soup
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To: gladman who wrote (21403)5/8/2001 4:42:35 PM
From: Johnny_Blaze_420  Read Replies (1) of 37746
 
CSCO Update -- The inventory issue was actually in line with expectations, as the write-off of
inventories was $2.2 bln instead of the $2.5 bln which Cisco indicated on April 16. The fact that inventories came in just over $300 mln
above guidance at $1.913 bln is therefore simply an offset to the lower write-off figure. This is a slight positive perhaps, as Cisco saw
potential value in some of the inventories that it had previously planned to write off.
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