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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (9537)8/8/2000 9:27:07 PM
From: patron_anejo_por_favor  Respond to of 436258
 
I couldn't have said it better myself! Bravo!



To: Perspective who wrote (9537)8/8/2000 9:28:50 PM
From: Perspective  Read Replies (1) | Respond to of 436258
 
And one more CSCO rant: that little 300M share dilution? By my count, that amounts to sucking in roughly $20 BILLION IN CLOWNBUX in order to produce that sales miracle. THAT EXCEEDED THEIR ENTIRE YEAR ***SALES***! Holy SH*T!!!

The company spent over $1 on employee and acquisition compensation for every $1 in sales - in true Internut fashion.

When will people WAKE UP? This isn't a financial miracle, it's a stinking money pit!

Rant complete.

BC



To: Perspective who wrote (9537)8/8/2000 9:35:53 PM
From: Lucretius  Respond to of 436258
 
yep



To: Perspective who wrote (9537)8/8/2000 9:37:30 PM
From: Terry Whitman  Read Replies (1) | Respond to of 436258
 
Calm down.... Take a hit from the Glue Bong And Buy. LOL

Nice rant. I give it an 8.5. on the anti-clownometer scale. <bg>



To: Perspective who wrote (9537)8/8/2000 9:43:40 PM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
You Are Right

But it is a great scam. In every other business there is a cost of goods sold.

Wall Street sells stock, and they have re-engineered the product so well that they don't even have the cost of printing many certificates any more.



To: Perspective who wrote (9537)8/8/2000 10:25:42 PM
From: advinfo  Read Replies (1) | Respond to of 436258
 
but how much more employment would you need after collecting 1% management fees on billions of dollars in clownbux

They are getting one helluva a lot more than that.
The scraps are thrown to J6P. I'd like to see a
full blown audit of the of actual trading gains vs. what
is diluted down to J6P. It's like the United Way
where .05 of every dollar actually hits the target.



To: Perspective who wrote (9537)8/9/2000 6:46:59 AM
From: DukeCrow  Read Replies (1) | Respond to of 436258
 
I know everyone hates Cisco's proforma numbers, but we need to be accurate. Cisco did not include their investment gains in their proforma numbers -- $0.16 EPS.

From Cisco's PR:

PRO FORMA ONLY

The above pro forma amounts for the quarter ended July 29, 2000 have been adjusted to eliminate the $461 million write-off of purchased in-process R&D, $26 million of payroll tax on stock option exercises, $37 million of acquisition related costs, $169 million of amortization of goodwill and purchased intangible assets, and $344 million of net gains realized on minority investments, net of related tax of $53 million.

The above pro forma amounts for fiscal 2000 have been adjusted to eliminate the $1.37 billion write-off of purchased in-process R&D, $51 million of payroll tax on stock option exercises, $62 million of acquisition-related costs, $291 million of amortization of goodwill and purchased intangible assets, and $531 million of net gains realized on minority investments, net of related tax of $0 million.

The above pro forma amounts for the quarter and year ended July 31, 1999 have been adjusted to eliminate the $81 and $471 million write-off of purchased in-process R&D, $16 and $16 million of acquisition-related costs, $19 and $61 million of amortization of goodwill and purchased intangible assets, net of related tax benefits of $11 and $54 million, respectively.

All historical financial information has been restated to reflect the acquisitions of StratumOne Communications, Inc. and TransMedia Communications, Inc. in the first quarter of fiscal 2000, and Cerent Corporation and WebLine Communications Corporation in the second quarter of fiscal 2000, and ArrowPoint Communications, Inc., InfoGear Technology, Corp., and SightPath, Inc. in the fourth quarter of fiscal 2000 which were accounted for as poolings of interests. In addition, the historical financial information has been restated to reflect the acquisition of Fibex Systems which was completed in the fourth quarter of fiscal 1999 and accounted for as a pooling of interests.

The net income per share and number of shares used in the per-share calculation for all periods presented reflect the two-for-one stock split effective March 22, 2000.


Ali