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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (21403)	5/8/2001 4:42:35 PM
From: Johnny_Blaze_420	Read Replies (1) \| Respond to of 37746

CSCO Update -- The inventory issue was actually in line with expectations, as the write-off of inventories was $2.2 bln instead of the $2.5 bln which Cisco indicated on April 16. The fact that inventories came in just over $300 mln above guidance at $1.913 bln is therefore simply an offset to the lower write-off figure. This is a slight positive perhaps, as Cisco saw potential value in some of the inventories that it had previously planned to write off.

To: gladman who wrote (21403)	5/8/2001 4:42:37 PM
From: American Spirit	Read Replies (1) \| Respond to of 37746

Exactly what I reported. What do you mean? I like that revenues are almost unchanged form last year. Their profit margin just got clipped and they had to take a write-off like many others. Look, I'm not buying CSCO here but it's really not bad. They DID beat estimates by a penny and 9 months from now they ought to be back with a vengeance. It's up a little AH so that's all the proof I need. Now stocks like AAPL can rebound after getting hit today. AAPl is in far better shape than CSCO. Also liking my UIS, NOVL and LOR all on stellar news. Only WCOM confounds me now. Arbs holding it down? May have to wait for their spin-off and takeover deal next month for that doggie to finally pop into the mid $20. But maybe not. We'll see.