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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.94

+1.1%

Nov 28 9:30 AM EST

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To: RetiredNow who wrote (59430)	5/9/2002 3:11:07 PM
From: Jacob Snyder	Read Replies (2) of 77400

Debt downgrade of telecom service company (WCOM this time). This is a recording. <<That makes sense. Keep the liability off the books, but get the tax benefits.>> It makes sense, depending on what the purpose of "the books" is. If the purpose of "the books" (why the plural, how many books are there?), is to serve as advertising for your stock, then it makes sense. If the purpose is to inform the owners (stockholders, that is, lest we forget), then I don't see the point. Is it too much to ask, for the owners to be told clearly what all the liabilities are?

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