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

To: Pruguy who wrote (30271)	12/14/1999 9:28:00 PM
From: T. Reilly	Read Replies (1) \| Respond to of 77400

CNN FN article about slower growth and possible restatement of earnings is a little concerning. Why would Cisco make those statements? The article was posted around 8:30 pm on CNN.

To: Pruguy who wrote (30271)	12/14/1999 9:32:00 PM
From: Curtis E. Bemis	Respond to of 77400

was this filed during the day or is this tomorrows news? Filed today, 12/14/99, at 16:27 marketwatch.newsalert.com CISCO SYSTEMS INC FILES QUARTERLY REPORT (10-Q) EDGAR Online SEC Filings - December 14, 1999 16:27 The EDGAR Online Glimpse is an extraction of the Management's Discussion and Analysis section contained in the full 10-Q, available from EDGAR Online /bin/eol?date=1994&cik=0000858877&ftype=10-Q All SEC Filings for CISCO SYSTEMS INC from EDGAR Online /bin/eol?date=1994&cik=0000858877 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

To: Pruguy who wrote (30271)	12/14/1999 10:32:00 PM
From: telecomguy	Read Replies (2) \| Respond to of 77400

It's about time this House of Cards is finally being called to expose it's aggressive, and misleading accounting they have employed in the past (NT does NOT play this game!) But more importantly, what is really significant is the basic admission that there are going to be some growth problems up ahead -- by it's own mgmt. I would say all you Cisco lemmings -- it's time to buckle up and bail out of this company. There are lot of big, competent players gunning for Cisco's throat AND Cisco themselves are doing a pretty good job of blowing it's retained earnings on buying over-valued companies and jumping into the PTT/Carrier market unprepared for the investment and in-house know-how that is required to succeed in the Public Network market. Good luck to you all (having said that I don't feel sorry for any of you guys as I am sure you have all made a fortune on Cisco!!!) NEW YORK (CNNfn) - Computer networking equipment giant Cisco Systems, which has experienced explosive growth over the past several years with the rising use of the Internet, may be slowing down, according to documents filed with the federal Securities and Exchange Commission. In its quarterly report filed with the SEC on Tuesday, Cisco (CSCO) said that an anticipated slowdown in sales could make it difficult to provide quarterly earnings guidance to Wall Street. "We expect that in the future, our net sales may grow at a slower rate than experienced in previous periods, and that on a quarter-to-quarter basis, our growth in net sales may be significantly lower than our historical quarterly growth rate,? the filing said. "As a consequence, operating results for a particular quarter are extremely difficult to predict.? Last month, Cisco reported fiscal first-quarter earnings that were ahead of analysts' expectations, and its seventh consecutive quarter of accelerating revenue growth, posting sales that had increased 49 percent from the year-ago quarter. At that time, executives did not provide any specific sales projections. But they did say that they did not expect any major disruptions in their business because of "Y2K? issues. Many computer makers had expected a slowdown in sales ahead of the millennium change, which could render some systems unable to distinguish the year 2000 from 1900, a condition widely referred to as Y2K. Accounting practices may cause restatement Cisco also warned about the possibility that the company would have to restate its prior earnings reports, in the wake of recent scrutiny of the way companies account for acquisitions. Several companies -- most notably Tyco International (TYC), which has been on an acquisition binge in recent years - have been criticized recently for using a "pooling of interest? method of accounting for their business combinations, which watchdogs say helps them pad their earnings. That has prompted the SEC to review the pooling of interests accounting method. "We believe we are in compliance with all of the rules and related guidance as they currently exist," Cisco said in the filing. "However, there can be no assurance that the Commission will not seek to reduce the amount of purchased in-process research and development previously expensed by us. This would result in the restatement of our previously filed financial statements and could have a material negative impact on financial results for the periods subsequent to acquisitions.? The Fair Accounting Standards Board also is moving ahead with plans to eliminate the pooling of interests method of acquisition accounting. "If this occurs, it could alter our acquisition strategy and potentially impair our ability to acquire companies,? Cisco said in the filing. Cisco shares slipped 3-1/4 to 97-15/16 in Nasdaq trade Tuesday, but picked up 1/2 in after-hours activity.