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

To: Stock Farmer who wrote (47602)	1/31/2001 10:04:56 AM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

John, Again... as I posted to notbullnorbear.. this is actually quite simple and I find it odd that you don't follow this. First let me agree that tax benefits and their effect on cash flows is material - I agree with that. I agree that if a company see's cash flow from these sources go away and is unable to replace them then there will eventually be a net impact on the ability of the company to execute and perhaps the overall health of the company. My argument however is quite simple. I have suggested that Cisco has forgone cash flow from operations to build into new businesses - perhaps in part due to their windfall. I am now suggesting that the infrastructure to attack these markets is in place and Cisco will reduce these expenses thereby increasing cash flow overcoming any impact from the loss of the tax benefit. You can disagree if you like but I think we already know that Cisco has pulled in the reigns on hiring and it seems to me that the pace of acquisitions has slowed. Now the only question is can Cisco follow through on their predictions of top line growth in the 30%-50% range going forward..... OG