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

To: bambs who wrote (39490)	8/14/2000 10:00:38 AM
From: The Phoenix	Respond to of 77399

Bambs, I believe the reason that most investors and fund managers talk about pro-forma is because these are the numbers that provide insight onto the health of the business. However, if Cisco had a history of making poor investments or purchasing companies that yielded little return then the "actual" numbers would become more important. The fact is that Cisco has had a stellar history of minority investing and acquisitions and to somehow suggest that this money and the costs shown on this quarters consolidated statements are a bad sign simply ignores Cisco's success. The point I guess I'm making is that the bears are looking for fault and they are pointing to these "actual numbers" when in fact the major difference is that Cisco took some increases charges for acquisitions this quarter. Like I said before, if Csco has a slow quarter wrt aqusitions next quarter and a good investments quarter the actual number would be higher than pro-forma. Investors will still look at the pro-forma numbers.... will the bears still be pointing to the actual numbers at that time? Final point about Haim's comments. He somehow seemed to suggest (and I belive you and Eski may have as well) that should interest rates slow the economy than income from Cisco's investments will take a hit. This assumes that Cisco is investing in publicly traded companies. I'd be willing to be that that isn't the case. Will a slowing ecomony impact the value of optical IPOs? Especially those that have CSCO as a minority investor? Be honest in your assessment - at least to yourself. OG