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To: Captain Jack who wrote (15771)	12/15/1999 9:12:00 AM
From: Tunica Albuginea	Read Replies (3) \| Respond to of 18016

More CRISCO good news Captain Jack.( or BS....? ) <vbg>: cnnfn.com Cisco growth to slow? Networking giant says sales growth may decelerate in 2000 December 14, 1999: 8:18 p.m. ET 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. Message #15771 from Captain Jack at Dec 15 1999 8:57AM Pre CSCO trade 94 5/8 and rising. News was BS..