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


To: Mark Peterson CPA who wrote (21913)2/3/1999 9:47:00 PM
From: Paul Reuben  Respond to of 77397
 
In the quarters where you are shy of analyst expectations, you simply pull some of those dollars out of the accrued liability accounts, effectively reducing expenses and increasing earnings per share so you can at least meet, if not beat analyst expectations.

This would involve a credit to expenses, no? I wouldn't think that that would be easy to justify.

Still studying for the CPA exam,
Paul Reuben



To: Mark Peterson CPA who wrote (21913)2/3/1999 11:05:00 PM
From: LindyBill  Respond to of 77397
 
Yeah, Mark, you know this is happening. MSFT is really bad about it, they have one "reserve" account with over 4 billion in it, I believe. We all love it, because it keeps the stocks going up on a regular basis.