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To: Lucretius who wrote (49382)	12/19/2000 7:08:37 PM
From: Gary M. Reed	Read Replies (1) \| Respond to of 436258

From Herb Greenberg's column today: Circuit-board manufacturer Merix (MERX:Nasdaq - news - boards) warns that its third quarter will be below analyst estimates. Just another blowup, right? Until you see what it says about the future: After talking to customers, it has revised its forecast downward. Who are its customers? Cisco (CSCO:Nasdaq - news - boards) is No. 1. Intel is No. 2. Motorola is No. 3 ... Cisco capers: In an apparent reaction to Scott Moritz's piece Friday , Cisco filed an 8K on Tuesday explaining the rise in its allowance for doubtful accounts. Fifty-two percent was tied to a boost in inventory levels "to reduce lead times ..." Only a half of a percent was due to a rise in doubtful accounts. What intrigued me was that $118 million, or 43%, was tied to its losses on minority investments. (That last category didn't exist this time last year!) ... ...It's so tough, says reader Robert Zelman, that "a friend who owns a Bay Area coffee shop says that every day lately he has a large stack of credit card slips for $2 lattes and 99 cent coffees ..."