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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.19-0.1%Jan 16 9:30 AM EST
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To: JeffT who wrote (57309)2/8/2002 10:16:07 AM
From: Dennis Doubleday  Read Replies (2) of 77400
 
> Hey friend, I have noticed that lately when people become dissatisfied with the facts ... the they just create a new reality based on the results they want rather than just allowing the facts to stand by themselves.

John's posts are fascinating. He should be charging money for the education he is giving us. Sorry to say, there is more logical reasoning in any of one of his long posts than in your complete history of posts on this board, which generally consist of cheerleading ("I worry, too...don't know where the price is going, but I'm staying long") without benefit of facts or taking oblique potshots at others.

Your reference to Enron is apt, but not in the way you intended. Enron was made possible by those who accepted the "facts" that management presented in its earning statements at face value. Cisco is not cooking the books (at least, there is no evidence of it), but they are definitely using legal financial legerdemain (or is that "ledger"-demain? :-) to put the best possible face on the company. You can't blame them for that, nor can you blame those who aren't willing to risk their own money without first exploring possible alternative interpretations of the data.
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