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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 3:59 PM EST

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To: Peter Joseph who wrote (65415)	5/11/2004 10:20:52 PM
From: Lizzie Tudor	Read Replies (2) of 77400

re: cookie jar accounting, this is what I am referring to: LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $604 $ 594 Income taxes payable 848 739 Accrued compensation 1,432 1,470 Deferred revenue 3,420 3,034 Other accrued liabilities 1,899 2,162 Restructuring liabilities 71 295 Don't get me wrong, Cisco is the utmost in integrity. But they build up these reserves for a reason, thats all I'm saying. So there isn't much of a chance at actually missing a quarter badly barring a disaster like 00/01 which took all CEOs in tech by surprise. I'm glad they hired 200 americans and I like the fact that when Chambers says he will hire 1000, he makes it clear that they are "mostly here".

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