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

To: RetiredNow who wrote (52681)	5/9/2001 10:56:56 AM
From: GVTucker	Read Replies (1) \| Respond to of 77399

mindmeld, RE: How many companies can you list that have $17B in cash & equivs? Not many. Actually, there are a few. First of all, note that Cisco, doesn't really have $17 b in cash and equivalents. $9.9 b is in long term assets as Investments, and $1.2 is Restricted Investments. Neither of these could be converted into cash quickly at their value on the books. Cash, cash equivalents, and short term investments (i.e. readily convertible to cash) are $6.2 b. A quick check of just cash and cash equivalents (not short term or long term investments) in excess of $10 b for only US companies, I get 10 companies. Only one, GM, is not in financial services. If I cut the number to $6.2 b, the number expands to about 30. If I expand the database to cash, cash equivalents, and short term investments in excess of $17 b, I get 48 companies.

To: RetiredNow who wrote (52681)	5/9/2001 11:40:22 AM
From: Charles Tutt	Respond to of 77399

Where are you getting that $17B number? I don't see it. Charles Tutt (TM)

To: RetiredNow who wrote (52681)	5/9/2001 12:39:07 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77399

"How many companies can you list that have $17B in cash & equivs?" Well, CSCO doesn't fit in this list either. CSCO has 6 B$ in cash & ST investments, and 10 B$ in long term investments. The rest of its "assets" are of dubious value. Still an impressive pile. But trending gradually in the wrong direction FY 2000 it was 19 B$ in a total asset base of 33 B$. Q1 2001 it was 18 B$ in a total of 34 B$ Q2 2001 it was 17 B$ in a total of 36 B$ Q3 2001 it was 16 B$ in a total of 34 B$ CSCO's asset position is deteriorating. John.