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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.69+0.4%3:59 PM EST
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To: Qualified Opinion who wrote (57443)2/9/2002 3:15:34 PM
From: RetiredNow  Read Replies (1) of 77400
 
OK. But the thing that people were bitching about was whether the inventory was actually used or not. And it was right there in the 10Q and 10K for everyone to see. The majority of it was disposed of, not used as normal inventory would have been. Which means that they took losses on that inventory. So the benefit that accrued was actually only a partial recovery of the charge they took a couple of quarters back. It's all very conservative accounting.
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