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

To: hueyone who wrote (58656)	3/26/2002 12:58:28 PM
From: M. Charles Swope	Read Replies (3) \| Respond to of 77400

The AOL announcement of a $54 billion write-off of goodwill prompted by new accounting rules has me wondering whether these rules will impact CSCO. The AOL write-off stems from the Times-Warner acquisition. Can someone tell me whether CSCO is carrying a lot of goodwill on its books that will have to be written off or whether it accounted for acquisitions differently than AOL so as to avoid these kinds of write-offs. Thanks.

To: hueyone who wrote (58656)	3/26/2002 1:23:28 PM
From: Stock Farmer	Respond to of 77400

Hi Huey, seems like a very important turn of events. Although really, regardless of what legislation is passed (if anything makes it through the Vested Interests), it's still up to shareholders to make the computation. Buyer beware. John

To: hueyone who wrote (58656)	3/26/2002 3:11:06 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77400

If that reform happens, it will take away one of the most important tools of the Creative Accountants. You can bet the Stock Salesmen (=company managements and banks/brokers) will fight it, with a flood of bribes (= campaign contributions) and lobbying. I'd give it less than 50:50 odds of happening. We need another Enron, to tip the balance in favor of reform. And, if the economy rebounds quickly, all the talk of reform will fade away, with no action taken. After LTCM failed, there was a flurry of talk about reforming hedge funds, but nothing came of it.