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

To: Stock Farmer who wrote (64577)	9/15/2003 4:57:33 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 77400

John, So I ask how it compares to two other examples where the accounting is unambiguous. Is it equivalent in profitability and sustainability to Company ABC which earns 10+X M$ in revenues each year and spends X M$ in cash compensation? Or is it equivalent in profitability and sustainability to company PDQ which earns 10+X M$ in revenues each year but spends 20+X M$ in cash compensation? I have showed that it is equal to PDQ on both counts. Although I don't see that you've shown anything beyond an assertion of equivalence, that is not the fundamental problem. When you attempt to compare one company with another, you've already gone off the rails. The accounting must live or die on its absolute correctness even if no other company has ever existed or ever could exist. Shareholders are the ones who pay for the service of accounting. They are paying for an accurate report on their company and their company alone. Regards, Don