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Strategies & Market Trends : Galapagos Islands
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To: Alan Smithee who wrote (2196)9/22/2002 4:21:36 AM
From: Jorj X Mckie  Read Replies (1) of 57110
 
I was talking with someone today who works for a company that is a component vendor to CSCO. From the conversation I got the impression that CSCO may still have excess inventory issues that they are trying to resolve in a new way. Seems that they are trying to return for credit *all* of a certain component that they purchased in the last three years. These are non defective, out of warranty products that they are trying to get the component vendor to eat so that they can remove them from inventory and basically add an asset to the balance sheet with the credit.
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