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

To: GVTucker who wrote (50374)	3/26/2001 10:47:19 AM
From: Wyätt Gwyön	Respond to of 77400

I don't think anyone's accusing Cisco of lying. But their M&A and options have made it more difficult to gain a clear picture of the financials. This was the subject of illuminating articles by Barron's and grantsinvestor, among others. A lot of the conclusions would be hard to reach without extensive digging and a very strong background in accounting. But it appears now that these cautionary missives--some of which were fired over a year ago--were worthy of consideration. At the time they came out, they were of course castigated here.

To: GVTucker who wrote (50374)	3/26/2001 10:52:05 AM
From: chic_hearne	Read Replies (2) \| Respond to of 77400

Cisco has always been very good with disclosure about its acquisitions and its accounting overall. This only matters if people pay attention to it. ;-) I don't think many on Wall Street even know how to read a financial statement. In the mania that bid Crisco up to a $600B company, nobody took the time to read the financial statements or if they did they didn't care. When the mania died, it became clear to me that things such as valuation and accounting are being scrutenized more than any other point over the last decade. JMHO