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

To: RetiredNow who wrote (55705)	9/27/2001 11:27:29 AM
From: Dave	Read Replies (2) \| Respond to of 77400

mindmeld, I'd agree that LT Investments should be "marked down" after severe declines sounds reasonable. Those "charges" would be put on the I/S as an extraordinary, one time charge, correct?

To: RetiredNow who wrote (55705)	9/27/2001 11:34:21 AM
From: Dave	Respond to of 77400

mindmeld, from Cisco's last 10Q, Cisco has: Cash: 4.873B ST Investment: 2.034B Investment: 10.346B The "investment" account is not part of "current assets", therefore I'd assume it would be considered a LT Investment of 10.346B. From their last 10Q WE ARE EXPOSED TO FLUCTUATIONS IN THE MARKET VALUES OF OUR PORTFOLIO INVESTMENTS AND IN INTEREST RATES We maintain an investment portfolio of various holdings, types, and maturities. These securities are generally classified as available for sale and, consequently, are recorded on the balance sheet at fair value with unrealized gains or losses reported as a separate component of accumulated other comprehensive income (loss), net of tax. Part of this portfolio includes minority equity investments in several publicly traded companies, the values of which are subject to market price volatility. For example, as a result of market price volatility of our publicly traded equity investments, we experienced a $5.76 billion ($3.81 billion, net of tax) decrease in net unrealized gains during fiscal 2001 on these investments. As of July 28, 2001, our publicly traded equity investments had gross unrealized losses of $784 million. Recent events have adversely affected the public equities market and general economic conditions may continue to worsen. As a result, subsequent to fiscal 2001, we may recognize in earnings declines in fair value of our publicly traded equity investments below the cost basis that are considered to be other-than-temporary. For information regarding the sensitivity of and risks associated with the market value of portfolio investments and interest rates, see the section titled "Quantitative and Qualitative Disclosures About Market Risk" on pages 21 to 22 of our 2001 Annual Report to Shareholders, which is incorporated by reference herein.