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

To: RetiredNow who wrote (57479)	2/12/2002 1:07:25 AM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

Hi Mindmeld, I suppose we can slice it and dice it that way if you like. But it's kind of like giving someone 90% on a math test 'cause they only tried one question out of ten and got it right. As for the number 90%, I gather that's based on Q1 only data. From the press release, you'll note that 6 months YTD they've used 485 M$ of excess inventory benefit in a period in which the total earnings were 392 M$. Erase that inventory benefit and you pretty well erase earnings to date. And then some. You claim that's "not a material amount"? Well, we obviously have a different definition of that word "material". John