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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (138955)8/23/2001 6:22:39 PM
From: TimF  Read Replies (1) | Respond to of 1580593
 
I thought things had shrunk. Maybe its only profits going down on a higher revenue base.

totaltele.com

Fiber-optics hardware sales to total $10b this year By Reuters staff

Thursday, August 23, 2001

Sales of hardware for building out fiber-optics networks will produce
$10.3 billion in global revenues this year, up 52 percent from last year,
a networking and telecommunications research and consulting firm
forecast on Wednesday.



To: tejek who wrote (138955)8/23/2001 7:02:51 PM
From: i-node  Read Replies (1) | Respond to of 1580593
 
to write off old inventory etc

I haven't read it yet -- but I'd like to know how in hell they can write off MORE inventory after the hit they took a quarter ago. While they were heavily criticized for the writeoff in some circles, I thought, "well, they're just trying to get all the bad news out so we can see some good quarters going forward". But now, they're going to write off more. Strange.

But I'm all for CSCO rallying. I'm in at 23 and would like to see a little comeback here pretty soon....