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To: Israel who wrote (202835)	11/6/2002 4:26:23 PM
From: Win-Lose-Draw	Respond to of 436258

it's worse than that, their cash flow dropped by a cool half-billion dollars. doesn't matter, market will do what it will do.

To: Israel who wrote (202835)	11/6/2002 4:43:25 PM
From: reaper	Read Replies (1) \| Respond to of 436258

CSCO crowing about $1.067 billion in operating cash flow. by my math they have never had a single quarter in the last 3 years where cash flow was less than $1.132 billion (their October 1999 quarter). furthermore, cash generation is down <23%> year-over-year, down <34%> sequentially, and down <34%> from the average of the last 8 quarters. but of course we don't care cash generation; they beat "earnings". also the stock-option wealth-transfer game is alive and well. in the last 15 months Cisco has spent $2.9 billion buying back its own stock and the outstanding share count is somehow HIGHER. OK, so i have declining cash generation AND i own a smaller proportionate share of that cash generation despite all available cash being used to buy back stock. sounds like a buy to me!! Cheers