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To: MythMan who wrote (254189)8/5/2003 8:25:33 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
Crisco wont answer questions on its $16b (majority of cash) bond portfolio.

CFO claims numbers reflect m2m and have not changed from last quarter. "we anticipated higher rates and rolled down yield curve"

Analyst: "but the bond market has collapsed. How is it possible that your portfolio is unchanged?"

Has Csco been spread trading? Is csco making earnings by shorting bonds? Is csco wrapped up in the explosive growth of swaps and other derivatives?

More at eleven...

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