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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: Amy J who wrote (63006)	2/7/2003 9:10:06 AM
From: hueyone	of 77400

Standard and Poor's Core Earnings Update Here is more evidence of a lack of standards, no pun intended. Notice that in this Standard and Poor's mid year update for Core Earnings, that some companies reported earnings are totally wiped out and then some when they expense options and make the other adjustments that Standard and Poor's recommends, but for other companies Core Earnings are not so far off from GAAP earnings. Nevertheless, the overall gap between GAAP and Core Earnings, were Standard and Poor's publishing Core Earnings earlier, has been widening. bwnt.businessweek.com Explanation for Core Earnings: www2.standardandpoors.com Regards, Huey

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