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

To: StanX Long who wrote (45826)	4/24/2001 1:21:04 AM
From: 10K a day	Read Replies (1) \| Respond to of 70976

Stan - I'm not an accountant,,,,but I'm sure they can 'recapture' it, somehow.

To: StanX Long who wrote (45826)	4/24/2001 11:54:16 AM
From: Cary Salsberg	Read Replies (2) \| Respond to of 70976

CSCO made their best estimate to determine the current write-off. If they are mistaken and shipments are higher over the 12 month period used to estimate the write-off, they may and should use the materials that were written off. They will make the appropriate accounting adjustments, increase profits, and pay more taxes on these profits. This is all standard business practice and represents an attempt to have the books accurately represent the current businesss conditions.