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

To: Stock Farmer who wrote (58498)	3/13/2002 5:06:35 PM
From: RetiredNow	Respond to of 77400

I agree with you here, John. In fact, we've already covered this ground before. I'll tell you where that money went. It went on soured investments, one time charges, and dilution of shares. So $15 billion of inflows turns into $7.5 billion of retained earnings. Most of those shenanigans occurred in the 5 years ended 2000. So going forward, Cisco doesn't have the opportunity to play quite so freely. That is why we are going through the motions right now to unravel all that mess and discover what the true inflows from operations were. And so far, it still looks like Cisco is a very powerful cash generating machine, albeit divided over too many o/s shares.