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

To: Ed Forrest who wrote (46214)	1/6/2001 12:02:04 PM
From: bambs	Read Replies (1) \| Respond to of 77400

My conclusion and perhaps to answer my own question is lol, Ed! You always have the answers to all your questions! That's why you haven't figured out that the bull market has ended and csco is going down like the garbage stock it is. CSCO stock is a joke. The public is getting the word slowly, but surely. Janus funds getting wacked and people know it. They are pulling their money out and CSCO is going down like it must. It's clear that one can make a good argument that csco will be lucky to be $10-15 stock in 8-10 years. The game is over. Bambs

To: Ed Forrest who wrote (46214)	1/6/2001 12:43:29 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

Ed: You asked - "My only thought and question is "Are Ciscos accounting practices legal?" I suggest the answer is "yes". I personally stretch the thinking just a bit farther beyond "is it legal". Perhaps seek answers to questions such as "what does it mean"? For example, what about a company who gives away $10 in "marketing incentives" for every $1 it receives in sales. Is it legal? Yes. But stopping one's neurons at this point is precisely what led to a host of lemmings holding worthless .bomb fragments ;) Ok, so my example is extreme, and I'm not trying to draw the inference that Cisco is a time.bomb - just that it's not a question of whether the accounting is legal, it's a question of whether the pile on the left is going to be bigger than the pile on the right, and by how much, and by when. John. P.S. I am glad of one thing - bulls and bears seem to be having an impersonal dialogue without thrashing each other personally. This is great.

To: Ed Forrest who wrote (46214)	1/6/2001 3:30:34 PM
From: Thomas M.	Read Replies (2) \| Respond to of 77400

It's not a legal issue. It simply comes down to who gets the profits that Cisco is generating. Clearly, Cisco is handing all the profits to employees and management, mostly management. Who is getting the shaft? Long-term shareholders. This company, like all tech companies, has virtually no inherent value. They are building up no cash (aside from a little bit as a reserve against future option exercises). The only real value is in management and employees, and history has shown they will walk as soon as Cisco's technology becomes obsolete. Tom