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


To: Uncle Frank who wrote (58493)3/13/2002 3:52:16 PM
From: kvkkc1  Read Replies (1) | Respond to of 77400
 
What would you expect him to do? She's a member of CSCO's BoD.



To: Uncle Frank who wrote (58493)3/14/2002 3:04:10 AM
From: hueyone  Read Replies (1) | Respond to of 77400
 
Hey Uncle Frank:

Here is some advice from Buffet that could really help you---Pro Forma Golf<ggg>

Also on Buffett's hit list is pro forma accounting, for which Buffett offered a "sub-par" illustration. "When companies or investment professionals use terms such as 'EBITDA' and 'pro forma,' they want you to unthinkingly accept concepts that are dangerously flawed," he notes. "In golf, my score is frequently below par on a pro forma basis: I have firm plans to 'restructure' my putting stroke and therefore only count the swings I take before reaching the green."

For corporate America, Buffett thinks there will be more companies forced to yell "Fore!"