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To: pater tenebrarum who wrote (96280)	4/19/2001 12:50:20 PM
From: John Doyle	Read Replies (1) \| Respond to of 436258

Question - The American consumer fuels the economy. As long as the consumer can get credit, they will take it because they can make the monthly payments. So credit continues to expand until they can't make the monthly payments. The question is; when will this start to be known. I think it will be in about one year from now. But the market will start to know this in the fall of this year I believe. What do you think?

To: pater tenebrarum who wrote (96280)	4/19/2001 1:11:44 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

Heinz ........ there are two option one it really is mostly outdated inventory worth may be 1/10 or 1/20 of what they bought it for = accounting fraud. Second possibility - lets write inventory down this quarter and then use most of it during the next quarter. Cost of goods zero, gross margin expand ........ profit Q over Q go up ---- earnings growth is back at CSCO ....... stock zooms to the sky = premeditated accounting fraud. So which one you prefer ? Haim