Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bambs who wrote (52111)	4/24/2001 6:16:03 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

Lol... but didn't someone already have that idea?

To: bambs who wrote (52111)	4/24/2001 6:18:14 PM
From: James Calladine	Respond to of 77400

I think you are being facetious about inventory writeoffs, etc, but I would not be in the slightest surprised if CSCO would write down (at this point) the largest amount possible in a single horrifying move, and then by overproviding for the amount, surreptitiously: -- return overprovisions into future revenue -- start to look like "miracle workers" again I know there are accounting rules about these matters, but I also know there are many and varied ways around them. Best wishes, Jim

To: bambs who wrote (52111)	4/24/2001 6:35:43 PM
From: SouthFloridaGuy	Respond to of 77400

C'mon bambs, all great companies fudge their numbers here and there. What's a few billion dollars amongst friends?

To: bambs who wrote (52111)	4/24/2001 9:13:16 PM
From: TobagoJack	Respond to of 77400

I have a better idea. It will be much easier for the CSCO longs on this thread to write down their CSCO price on the Portfolio Tracker to zero, and then gradually write it back up towards $8/share from below. Guaranteed to feel good, and better than watching their CSCO zigzag towards $8/share from the top side in an excruciatingly impolite way. This method also allows more self control, as Woody Allen once said about practicing making love. Chugs, Jay

To: bambs who wrote (52111)	4/25/2001 4:22:01 PM
From: Bill McEachern	Read Replies (2) \| Respond to of 77400

Hmm ... it seems that Cisco is shutting down its PixStream operations in Waterloo, Ont. 320 people in total. A friend just told me that most employees except a small group of caretakers were laid off today. The caretakers are just there to wind things down. Cisco announced the buyout of Pixstream last summer (a small deal by Cisco standards ... only a couple of hundred million) but the deal did not close until Dec. Now they are throwing in the towel after less than 6 months. Can anyone say ... goodwill write downs batman? So much for the acquisition success story... Bill