CSCO report is the biggest scam in the world!!! Does any one remember
that they wrote down 2.7 billion in inventory last year???????
(see my comments to the WSJ in the article of April 19, 2001)
Now what happened to that inventory ??? trown out hte window??
gues again they used it in manufacturing also this quarter and
it is obvious from the report
Cisco Systems, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per-share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
--------------------- ---------------------
April 27, April 28, April 27, April 28,
2002 2001 2002 2001
-------- -------- -------- --------
NET SALES:
Product $ 3,993 $ 4,007 $ 11,671 $ 15,982
Service 829 721 2,415 2,013
-------- -------- -------- --------
Total net sales 4,822 4,728 14,086 17,995
-------- -------- -------- --------
COST OF SALES:
Product 1,515 4,131 4,608 8,563
Service 239 269 748 796
-------- -------- -------- --------
Total cost
of sales 1,754 4,400 5,356 9,359
-------- -------- -------- --------
GROSS MARGIN 3,068 328 8,730 8,636
See the cost of goods that dropped dramaticly
this quarter versus last year quarter |
