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

To: FESHBACH_DISCIPLE who wrote (47988)	2/5/2001 3:25:18 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77399

LU didn't get bagged due to inventory related issues. Again, this is the problem with you simplistic bean counters attempting to derive an accounting reason for stock valuations. LU failed - point blank in managing their business. Inventory may have had an impact but if so it was far less of an impact than them missing the 10G bandwagon, over financing, remaining over committed to legacy circuit, missing earnings not once, not twice, not three times.. heck I forget how many times. the list goes on and on... and you want to attribute it to inventory management. LOL! OK.... whatever. FWIW there is nothing complictated about what you're proffering.. it's quite simple but it's wrong.

To: FESHBACH_DISCIPLE who wrote (47988)	2/5/2001 3:25:20 PM
From: chic_hearne	Read Replies (2) \| Respond to of 77399

FESHBACH, This whole accounting thing, inventory, blah blah blah is all meaningless. Does it matter if Crisco grows revenues at 60% or 30%? No, not at this point. Does it matter if Crisco manipulates inventory to increase profits? No, not at this point. HELLO OUT THERE!!!! Doesn't anyone understand that Crisco is still about a $300 BILLION company???? I don't see any point arguing about this crap until Crisco gets to what would be a historical overvalued level, say half of what it is now. Until then none of this stuff matters. What people can't get through their heads is company performance and stock price taken at any given point of time are meaningless. Just because Crisco sold at $82 at one point in time does not make it a good value at $34 today. Sure, things haven't deteriorated that much and revenues have improved over 50% in that time, but so what? What the market is really telling us is that Crisco was insanely overvalued then and continues to be. chic