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

To: Stock Farmer who wrote (51546)	4/16/2001 9:27:50 PM
From: Eric	Read Replies (1) \| Respond to of 77397

John Been busy the last few days. Well they finally warned!. I thought they would do that two weeks ago but I see that they really wanted to get a handle on the qtr and let us get it all out of the way. It appears to end up at the upper end of the range that I was thinking but what really surprises me is that the majority of the write-offs are in components. So for me this is not so bad as finished goods. A lot of these components will be used going forward so I don't see an obsolescence problem from an engineering perspective with them. They forward booked parts because of shortages last year and with the sudden fall off of orders these things are building up short term. The Semi's are gonna get hit some more tomorrow but we have reached bottom now that this news is finally out. A lot of my engineering friends called this a few months ago so I don't see any more surprises going forward, at least on the parts front. We may have already had the bottom in this stock. IMHO it can't get much worse than this. Chambers wanted to clean the floor and it looks like he did a pretty good job. Going forward it looks pretty bullish depending on your time horizon. Very bullish long term, Eric