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To: LLCF who wrote (702)6/26/2000 9:02:00 AM
From: Earlie  Respond to of 436258
 
David:

I have no quarrel with cash flow analysis, but many analysts seem to conveniently disregard the debt incurred, the dilution, etc. in doing their arithmetic.

At the time, my point was that Cisco's rate of internal growth (i.e., excluding acquisitions) left much to be desired, which suggested that their base line business was starting to peak.

Best, Earlie