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

To: bambs who wrote (40516)	10/10/2000 9:02:20 PM
From: The Phoenix	Respond to of 77400

Not sure how else to do suggest earnings with a company that is so acquisitive. What would you suggest? WOuld you suggest that we include write-down of goodwill but not out-right purchases? Or would you include both? Seems strange to reduce a company's potential value (raise the PE) when the purchases they're making are intended to open up new markets or expand existing ones. It's a dichotomy. I think looking at Pro-forma makes the most sense. The alternative of course is for Cisco not to purchase anymore companies so that they can show a low PE (raise earnings relative to stock price)...then it's a good investment - right? But then they're late to market or miss market's altogether and then your investment goes south. I think CSCO's intent has been/is to fuel stockholder value by purchasing technology and engineers who will assure growth going forward...but your suggestion is that CSCO should be docked for such a tactic. I'm not sure I agree. Good luck. ;)