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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.34-0.1%Jan 30 3:59 PM EST

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To: Elroy who wrote (65598)6/22/2004 1:12:04 PM
From: GVTucker  Read Replies (1) of 77400
 
CSCO's cash position is a bit less than $19 billion as of the last 10-Q. Of that <$19 billion, there are longer term investments as well as some investments that are in private companies. Those wouldn't be considered cash under any circumstances. Still, though, it isn't excessively unreasonable. But if you take out the cash, you also need to take out the income from the cash from the E side of P/E. Doing all that, even taking the rather liberal interpretation of cash, only lowers the PE to 29.9.
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