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Technology Stocks : All About Sun Microsystems

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To: alydar who wrote (48845)	5/7/2002 11:18:20 PM
From: Steve Lee	Read Replies (2) of 64865

Things might/probably will be getting better over the next few quarters but Cisco's report wasn't a sign of that. 1) They missed revs expectations 2) They guided lower for next quarter 3) They beat earnings by selling goods that had been written off. The cost of selling $4.8 Billion worth of goods and services this quarter, according to Cisco's pro forma accounting, was over $2.5 BILLION CHEAPER than the cost, according to Cisco's pro forma accounting, of selling a lesser amount of goods and services previously. You trust these guys?!?! Anyway, the write offs are there in the quarterly statements so no point arguing denial on this issue.

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