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To: SMALL FRY who wrote (3745)	10/23/2000 4:47:19 AM
From: vagabond	Read Replies (1) \| Respond to of 8046

Cisco accounting methods questioned (just wanted to make sure everyone's seen this, has already been posted by various folks on other threads)... ======================== Cisco accounting methods questioned By CBS.MarketWatch.com Last Update: 2:35 PM ET Oct 21, 2000 NewsWatch Latest headlines SAN JOSE, Calif. (CBS.MW) -- Cisco Systems was criticized in Barron's on Saturday for aggressive accounting based on the way it books "pooling of interest" acquisitions. The critique cited three deals in Cisco's fiscal year 1999 for which it paid $400 million in stock yet booked a cost of $45 million. In the two fiscal years ended July 2000, the network-systems manufacturer "suppressed" $18 billion in acquisition costs, according to accountant Abraham J. Briloff, who wrote the Barron's piece. Briloff also criticized how San Jose, Calif.-based Cisco (CSCO: news, msgs) treated the exercise of stock options, asserting that Cisco's net income should have been reduced by $1.6 billion in 1999 and $2.5 billion in fiscal 2000. Cisco officials weren't immediately available to answer calls seeking comment on the article.