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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Maven1 who wrote (29107)	11/7/1999 10:29:00 PM
From: JRH	Read Replies (3) \| Respond to of 77400

Zeke: Earnings estimates, per se, aren't the drivers of stock prices because, as you say, creative accounting can get you nearly anything you want. The real numbers to watch will be cash flow and margins. BWDIK! Justin, expecting CSCO to, at best, match estimates this quarter

To: Maven1 who wrote (29107)	11/7/1999 11:52:00 PM
From: RetiredNow	Respond to of 77400

Zeke, let me tell you something about creative accounting, being a CPA myself. Creative accounting is done all the time, it's true. But you can only hide the truth for so long, because what helps you hide underlying softening business this quarter, will expose you next quarter and if not then, the year after. So by your own words, "a penny above for years", you prove that Cisco's business has been consistently strong. So if they are good at smoothing things a bit, more power to them. It gives rumor mongors less to talk about. But ultimately, if they are hiding bad business, they will only be able to do it in the short term. I for one am not betting against Cisco, though.