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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.61

-1.5%

1:54 PM EST

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To: RetiredNow who wrote (54344)	8/7/2001 5:57:11 PM
From: kvkkc1	Read Replies (3) of 77400

I'm no accountant, but kind of wonder how that cash flow came in so positive with an actual earnings of 0. Given the revenue guidance of flat to down 5%, it seems that margin will be flat to down, given flat expenses. Gains from investments aren't in earnings, but are they used in cash flow calculations?knc

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