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To: Amy J who wrote (132518)	4/16/2001 5:28:15 PM
From: Joseph Pareti	Respond to of 186894

>I wonder how CSCO's available cash is going to be impacted? come on, are you guys still counting dollars ? didn't we all learn (from Meeker) that the only thing that matters is the number of mouse clicks ?

To: Amy J who wrote (132518)	4/16/2001 6:05:27 PM
From: Amy J	Read Replies (2) \| Respond to of 186894

RE: "sounds like they just squeezed by" Thread, Correction: they didn't squeeze by, according to GV's post below: Message 15669050 To:GVTucker who wrote (51459) From: GVTucker Monday, Apr 16, 2001 4:12 PM Check that. CSCO won't be profitable. "Pro forma" earnings will be positive, but they're also taking restructuring charges and will write off $2.5 billion of inventory. They'll lose a ton of money in the quarter--probably more money than they made in all of fiscal 2000. Oh my. ------------------- GV, This sounds nasty. Glad I only put a toe in the Cisco water - I'd rather clip a toenail than a toe. I wouldn't be surprised if Cisco hits single digits, but it's going to have to drop more from here before I considering buying more: CSCO 6:06 PM 15.86 -2.12 -11.79%. Thanks for your posts today, particularly from a Palm, which isn't exactly easy. Regards, Amy J

To: Amy J who wrote (132518)	4/16/2001 6:35:17 PM
From: kapkan4u	Read Replies (1) \| Respond to of 186894

<The cost of the protective put was small. So small, that I'm thinking of doing this for every quarter.> Amy, buying protective puts would only make sense to me for someone whose portfolio is heavily on margin. You are not on margin, but spending money to buy comfort. Your strategy is also flawed in that the share price is more likely to move against you when you are not protected. Even assuming that you buy in the start of the reporting month, you are protected 1/3 of the time and unprotected 2/3 of the time. There is no evidence that major price shifts happen after earnings reports. A major miss is normally preannounced beforehand. If you are not comfortable with a stock you should not own it. Regards, Kap