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

To: GVTucker who wrote (57201)	2/7/2002 8:44:38 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

"$200mm of revenue was booked on contingent contracts that related to products shipped earlier." That's normal accounting. If the product is shipped, you book the revenue. So what's the problem here? If I sell you a computer and ship it FOB shipping point, you take ownership the minute it leaves my hands. That means that it is a revenue to me at that point. That's what Cisco is doing here, and it's perfectly legal and logical. Agree with you on all the balance sheet and cash flow metrics. They are looking very under control. I wouldn't say that's bullish, because with a crappy economy, there's only so much growth you can get from good management, but at least we know Cisco has a top notch management team.