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


To: MHA who wrote (51225)4/9/2001 1:32:39 AM
From: Stock Farmer  Read Replies (4) | Respond to of 77400
 
MHA - I have great accountants.

I believe quite a few accountants even post to this thread, so feel free to jump in folks...

To my mind, the measure of a really great accountant is to answer the question "What does our financial report look like?" with the question "What would you like it to look like?"

And possibly to reply "well, that might be overly aggressive... but you could do this..." and take it from there.

So of course you mustn't "Believe" accountants. But that doesn't mean they are lying either.

You must Interpret the Truth they are presenting.

John.



To: MHA who wrote (51225)4/9/2001 9:35:11 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 77400
 
Oh sure, but the "laws" really didn't prevent Jeff Bezos of Scamazon.com from lying too, so why should that stop thousands of small investors such as those on this thread from losing so much friggin money on CSCO in the last 8 mos?

Hint: because they BELIEVED John Chambers' baloney last December!! Do you remember the times in December when Chambers was all smiles and confidence?? I DO!!!!!

Now he has "no visibility"
Oh well who cares, I sold all my csco at 68 last August.

Victor
ps, Look for some real monkey fun re Monterey in the next CSCO balance sheet! LOL !!!



To: MHA who wrote (51225)4/9/2001 9:44:36 PM
From: MHA  Read Replies (1) | Respond to of 77400
 
The laws are designed to prevent most people/companies from doing fraud but that does not mean
that no one will never do anything illegal. People/companies still do violate law and that is why
they are established courts.

My question is IF Cisco did something illegal or a fraud than why no one took them to court ?

Truw what John Chamber said in Dec 00 contradicts with what he said in Jan 01. Did anyone
sued Cisco for that or did SEC investigate this as a fraud ? No.

PS: Good for you, you sold your Cisco stock at 68.

Rumors are that Juniper will fail to meet the numbers or give poor future visibility when it
reports on the 12th. That will be bad for Cisco.