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

To: Cynic 2005 who wrote (21017)	1/22/1999 1:59:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 77397

MMV, You referenced an article that didn't mention CSCO. What is your point? JXM

To: Cynic 2005 who wrote (21017)	1/22/1999 2:08:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 77397

MMV, and if you understood that these changes have no impact whatsoever on cash flow you would stop worrying. The changes have to do with the fact that many company writeoff "in process R&D" when they merge under pooling of interest rules. The effect of this is to change the write-off from a one time, non-recurring charge to an asset that is placed on the books and amortized over the expected life of the project. But for tax purposes there is no change, so from the point of view of cash flow there is no change. TTFN, CTC