Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.07

-1.4%

3:59 PM EST

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To: kennny who wrote (21908)	2/3/1999 7:44:00 PM
From: yard_man	Read Replies (2) of 77397

Maybe because half it's earnings are almost always fictional. Every time they acquire someone they write off most of the purchase price. as long as they are good at making the acquisitions -- and CSCO is very good at making acquisitions -- revenues mean profits. 0.17 cents (almost all of the 0.19 acquisition cost) of this quarters earnings -- about one half are simply accounting. SEC is going to get after this stuff -- probably won't get around to CSCO for a while, but maybe this analyst is starting to get it ...

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