Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eric who wrote (44794)	12/18/2000 2:55:31 PM
From: GVTucker	Read Replies (3) \| Respond to of 77400

Erice, a quarter ago was the end of the fiscal year. There was no "Provision for Losses" line item on the cash flow statement. The closest I could get was "Provision for Inventory Losses" which was $339mm for the entire year. No way to get a comparable. On the current quarter, that is where the $275mm comes from. the only number that can be used for comparison is last year's fiscal 1st quarter when the provision was $75mm. Exacerbating this problem is CSCO's lack of openness on this matter. The only clarity that CSCO will provide is that this reserve covers losses on inventories, investments, and accounts receivable. By lumping all these things into the same category, CSCO is breaking from past practices, and in the wrong direction.