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

To: Stock Farmer who wrote (52135)	4/25/2001 5:59:35 PM
From: Bill McEachern	Read Replies (2) \| Respond to of 77400

No doubt any acquisition made recently will be looked at by Cisco for possible chopping. They will want to clean up the balance sheet ... the accountants will be writing off everything including the kitchen sink to restore quarterly linearity going forward. I suspect an apples-to-apples comparison will be hard to do on Cisco for another quarter or two. Especially if they start reclaiming that $2.5B in inventory that they wrote off as needed to smooth out the next couple of quarters. Restoring some kind of linear growth story will be key for all companies to win back the analysts. The same goes for most other tech stocks out there. I read JDS was attempting to do a $40B goodwill write down. Lots of dirty laundry hiding in those closets ... best to air it out now. Bill

To: Stock Farmer who wrote (52135)	4/25/2001 6:25:11 PM
From: TobagoJack	Read Replies (1) \| Respond to of 77400

Hi John, but hey, given that these previous acquisitions had no revenues, profits, or, more importantly, inventory, the effects of shutting them down should be limited only to the cost of shutting down, and nothingelse, besides investment writeoffs <G> The forward revenue projects will have to be trimmed, sheared or proforma-ly adjusted. In the future, CSCO should save itself some work and focus on acquiring companies with no employees, like L&H in Belgium and Korea. Message 14764365 Chugs, Jay