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

To: The Phoenix who wrote (47894)	2/5/2001 9:31:43 AM
From: GVTucker	Respond to of 77400

Phoenix, note that he was talking about earnings, not cash.

To: The Phoenix who wrote (47894)	2/5/2001 9:41:59 AM
From: FESHBACH_DISCIPLE	Read Replies (2) \| Respond to of 77400

phoenix study formula again carefully.Stock was at 57 now 35 now rumblings inventory will do them in. It's all been done before. It ain't hard. SALES 6,519 COST OF SALES CALCULATION: BEGINNING INVENTORY 1,232 JULY 29,2000 PURCHASES 3,102 =COST OF GOODS AVAILABLE 4,334 LESS:ENDING INVENTORY 1,956 OCT 28,2000 COST OF GOODS SOLD 2,378 GROSS PROFIT 63.5% 4,141 REPORTED BY CISCO Now if inventory grows 15% instead of 58% this is what gross profit looks like: Sales 6,519 Beginning inventory 1,232 +purchases 3,102 =cost of goods available 4,334 -Ending inventory 1,416 PLAY WITH THIS NUMBER =cost of goods sold 2,918 Gross profit 55.2% 3,601 REPORTED BY THE DISCIPLE VOILA MAGIC !! Just change the ending inventory higher and your profits are whatever you want them to do.