Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Thomas M. who wrote (21274)	1/27/1999 10:49:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 77400

Tom, >>>So, he says CSCO's earnings are understated. I used to think Chambers was fairly honest, but this was rather Dell-esque.<<< Honest? He didn't say the charges due to acquisitions were undeclared, or anything like that. It does make you wonder, though, what Cisco could do for earnings if they stood pat WRT acquisitions for two or three years. Tony

To: Thomas M. who wrote (21274)	1/27/1999 11:48:00 PM
From: Chuzzlewit	Respond to of 77400

Thomas, Dell's earnings are much more transparent then other companies because it doesn't do mergers and acquisitions which involve those "one-time" charges that seem to recur with monotonous frequency, and second, because it doesn't sell into an intermediate channel, which means that sales are not susceptible to stuffing. The only area where Dell's numbers are suspect is in it's use of employee stock options, a mechanism used by virtually every tech company. TTFN, CTC