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

To: Stock Farmer who wrote (51478)	4/16/2001 4:55:00 PM
From: Rob C.	Read Replies (3) \| Respond to of 77398

I would imagine that the analyst have had this information a few weeks ago. Fair disclosure is BS. Watch the smart money buy tomorrow. Regards, Rob

To: Stock Farmer who wrote (51478)	4/16/2001 6:31:35 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 77398

So, how much cash will be left, at the end of calendar year 2001? It's pretty clear business conditions are not going to improve before then. So, earnings are going to be barely positive ("very low single digits"= 0.02?), not just 3Q01, but also probably 4Q01 and 1Q02. After that, maybe an upturn (and maybe not, if we get a recession). At the 1Q01 report, they had 4.8 B in cash and equivalents and short-term investments. They just announced 3.5B in charges. Is it fair to simply subtract 3.5B from 4.8B? Is it fair to assume that they got almost all the restructuring and inventory write-offs done, with this announcement? (probably yes, IMO). Are reserves against bad debts adequate yet? (probably not, IMO) This announcement adds some clarity, but, IMO, they will need to do it one more time, maybe just before the 4Q01 report comes out. Not as big, but still sizeable. And, when that news comes out, cash (plus equivalents and short-term investments) will be about gone.

To: Stock Farmer who wrote (51478)	4/16/2001 7:02:02 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77398

No doubt, John! I've been guessing $1.7B in charges for a month now and here they come in at $3.7B! What an amazing thing. What took me by suprise was the large inventory write off. I guessed it would be around $500M, not $2.5B. Well, now the trick will be to try to figure out when the madness, disappointment and mayhem are at there worst from this fallout. When people are declaring that Cisco will go bankrupt, that will be the time to buy. I'm guessing we go as low as $12-13 and then we steady off. I doubt we'll go below $10, but you never know. Stranger things have happened. Either way, I think the bottom is almost here. Tomorrow may even be the day.