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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 3:59 PM EST

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To: JeffT who wrote (57318)	2/7/2002 9:58:29 PM
From: Stock Farmer	Read Replies (1) of 77400

Jeff, nobody is "beating up" Cisco for handling something. What some of us are trying to do is position a comparative analysis. It's hard to compare $0.09 cents of earnings today to $0.09 of earnings 12 months ago when $0.02 of the comparative basis is a result of a different accounting treatment. What is constantly on the table for discussion is the degree of understanding that folks have of the economic basis of Cisco's business. Economic profits and Accounting profits are often different, and despite the exemplary and scrupulously clean accounting presentation of Cisco's books, deriving the economic profit from the accounting presentation requires some interpretation.

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