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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Brian Sullivan who wrote (45610)	4/19/2001 7:11:16 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

Generally stupid article. RE: "Companies are not supposed to sell goods after they have written them off, of course." There is no commandment to this effect. If goods are subsequently used, they contribute zero to the cost of goods sold, and hence add to profit. RE: "Mr. Chambers said that the company did not plan to use the goods that it was writing off..." Of course he said this. Otherwise, he would be admitting to fraudulant accounting.

To: Brian Sullivan who wrote (45610)	4/20/2001 2:02:34 AM
From: Pink Minion	Respond to of 70976

Companies are not supposed to sell goods after they have written them off, of course. But some analysts wondered whether Cisco might take some of the materials it has written down to zero and put them in goods it could sell to customers in coming months. This would cause earnings to rocket and margins to soar. Good article. You KNOW they aren't going to throw away 2.5 Billion in chips. OF COURSE , they're going to reuse it. CISCO is a scam just like this stock market.