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To: Zardoz who wrote (67888)	4/19/2001 11:31:30 AM
From: jrinvestor	Read Replies (1) \| Respond to of 116762

Hutch! GOLD is a sector who's time has come. Go ahead and buy CSCO everyone else has.However, Some of us have sold it. JR GOT GOLD !!!!!

To: Zardoz who wrote (67888)	4/19/2001 2:23:44 PM
From: marek_wojna	Respond to of 116762

<<Love this anti growth talk.>> You got this wrong. Myself and the others on this thread are not anti growth. To be more specific I'm anti selective growth. In all calculations the tech monsters talking "GLOBAL", taking into account 6 bil. potential customers. This is FALSE. One of the two must happen before market valuation on Nasdaq are justified: a.) Dollar have to tank to the level where countries with most population can only start thinking about buying US technology instead of cheap imitations. b.) The prices for the products of these companies will drop to about 15% of present ones, means erasing any possible profits. Please pay attention to new accounting practice which CSCO is trying to use regarding their inventory. Another LU? Gold is not anti growth.

To: Zardoz who wrote (67888)	4/24/2001 11:35:19 AM
From: Rarebird	Read Replies (1) \| Respond to of 116762

Former Cisco executive charged in fraud case SAN JOSE, Calif., April 24 (Reuters) - A former Cisco Systems Inc. (NasdaqNM:CSCO - news) executive has been charged in an elaborate, multimillion-dollar fraud case, the San Jose Mercury News said in its online edition late on Monday. The Mercury News said Robert S. Gordon, fired by Cisco earlier this month, is accused of trying to siphon money from Cisco and its partners in a scam involving phony stock deals, offshore bank accounts and a shell company. Gordon, 42, appeared before U.S. Magistrate Judge Patricia Trumbull in San Jose federal court on Monday, the paper said. He admits to breaking company rules but denies criminal wrongdoing, the Mercury News said, citing court papers filed by the government. Gordon is free after posting a $5 million cash bond and his $1.6 million house as collateral, the report said. Gordon is accused of placing more than 30,000 shares of stock of Internet Security Services Group -- a company bought by Cisco -- into a Bahamas-based shell company that he created called Cisco Systems, which has no connection with San Jose's Cisco. Citing an FBI affidavit, the Mercury News said Gordon then sold the stock for more than $5 million, which he allegedly used for another scam. It said Gordon persuaded a Cisco business partner, a start-up company called Spanlink, to pour $10 million into a bogus venture capital firm he created. Cisco is the top maker of gear that helps power the Internet. Last week it said it plans to cut 8,500 jobs or 17 percent of its work force, take charges of as much as $3.7 billion, and report third-quarter results far below forecasts. biz.yahoo.com

To: Zardoz who wrote (67888)	4/24/2001 11:37:33 AM
From: Rarebird	Respond to of 116762

Cisco Faces Shareholder Lawsuit Scott & Scott, LLC Files Case on Behalf of Shareholders COLCHESTER, Conn., April 24 /PRNewswire Interactive News Release/ -- Scott & Scott, LLC ( scottlaw@scott-scott.com ), a Connecticut-based law firm, filed a class action in the United States District Court for the Northern District of California on behalf of purchasers of Cisco Systems, Inc. (``Cisco'') (Nasdaq: CSCO - news) common stock during the period between August 10, 1999 and February 6, 2001 (the ``Class Period''). The complaint charges Cisco and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Cisco and its subsidiaries are engaged in selling products for networking in the Internet. The complaint alleges that by the beginning of the Class Period in August 1999, Internet Service Providers and competitive local telephone companies had technology to deploy, but they had little capital, and Cisco used this as an opportunity to increase its sales by providing capital financing to such companies. Cisco, however, made such financing conditional upon the purchase of large amounts of Cisco product. Through this alleged manipulation and the shipment of defective or incomplete product, as well as Cisco's failure to adequately accrue for excess and overvalued inventory and uncollectible finance receivables, Cisco was able to report ``record'' earnings each quarter during the Class Period. Defendants thus made positive but false statements about Cisco's products, financial results and business during the Class Period. As a result, Cisco's stock traded as high as $82. The inflation in Cisco's stock price was essential to its main corporate strategy, that of growth through acquisition, which Cisco accomplished through the exchange of inflated Cisco shares. In addition, each of the defendants had the motive and the opportunity to perpetrate the fraudulent scheme and course of business described herein in order to sell $595 million worth of their own Cisco shares at prices as high as $80.24 per share, or 84% higher than the price to which Cisco shares dropped after the end of the Class Period, as the true state of Cisco's business and prospects began to reach the market. After completing more than 20 major acquisitions between 9/99 and 2/01, by issuing more than 400 million shares of Cisco stock, and selling more than 10 million shares of their personal Cisco holdings, on 2/6/01, Cisco announced extremely disappointing 2nd Quarter Fiscal 2001 results, including EPS of only $0.18. This disclosure shocked the market, causing Cisco's stock to decline to less than $30 per share before closing at $31-1/16 per share on 2/7/01, on record volume of more than 279 million shares, inflicting billions of dollars of damage on plaintiff and the Class. Cisco later admitted that 3rd Quarter Fiscal 2001 sales would be less than $4.8 billion, or lower than any quarter since the 2nd Quarter Fiscal 2000. Defendants' misconduct has wiped out over $400 billion in market capitalization as Cisco stock has fallen 84% from its Class Period high of $82 per share as the truth about Cisco, its operations and prospects began to reach the market. On 4/16/01, Cisco announced a $2.5 billion write-down of inventory (or 90% of its inventory as of 1/31/01) of components in its service business. This was one of the largest inventory write-downs in U.S. history. Cisco stock has dropped to as low as $13-3/16. If you wish to serve as lead plaintiff, you must move to do so before this court within sixty days of April 20, 2001. If you wish to discuss this action or your rights regarding it, please contact David R. Scott or Neil Rothstein at 800-404-7770 or e-mail at nrothstein@scott-scott.com . Scott & Scott, LLC is a Connecticut based law firm engaged in the representation of public and private companies, institutions, funds, individuals and other entities in complex litigation, transactions and trials. The firm's nationwide practice in areas of securities, antitrust and consumer matters is founded upon its ongoing dedication to client satisfaction and communication. The firm's attorneys litigate in both federal and state courts throughout the nation on cases for clients worldwide. If you would like to obtain more information about this cases and would like to discuss the matter above with an attorney, please contact: David R. Scott or Neil Rothstein at 800-404-7770 or e-mail at scottlaw@scott-scott.com. biz.yahoo.com