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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.04

-0.5%

Dec 31 3:59 PM EST

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To: JeffT who wrote (57114)	2/6/2002 7:08:56 PM
From: KeepItSimple	Read Replies (3) of 77400

WRONG. Also, John Chambers was just asked on CNBC how much 0 cost inventory they sold this quarter and chambers dodged the question, then finally said that they have sold all but 120 million bucks worth of that hardware, down from 2.4 billion originally. So they've been padding their profit margins with 2 BILLION DOLLARS worth of 0 cost hardware. ---------------------------- Net sales for the second quarter of fiscal 2002 were $4.8 billion, a sequential increase of 8% from the $4.4 billion in net sales for the first quarter of fiscal 2002. This compares to $6.7 billion in net sales for the same period last year, a decrease of 29%. Pro forma net income, which excludes the effects of acquisition charges, payroll tax on stock option exercises, net gains (losses) on investments, and an excess inventory benefit, was $664 million or $0.09 per share for the second quarter of fiscal 2002, compared with pro forma net income of $332 million or $0.04 per share for the first quarter of fiscal 2002, and $1.3 billion or $0.18 per share for the second quarter of fiscal 2001.

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