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To: ItsAllCyclical who wrote (56919)	12/15/1999 12:33:00 AM
From: dmccoach	Respond to of 95453

JimL, I agree and the article came out after ORCL surprised... However, I found this even more alarming than the "unpredicability" of 2000 message they are trying to say (which some may see as lower guidance so they may continue to exceed): 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.? cnnfn.com Dan