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To: IceShark who wrote (20263)	2/18/1999 10:24:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

MU below 60. Fingers crossed! Die POS, die! Re csco - it is about their pooling of interest and in-process R&D write off crap. In their last 10Q they mentioned something to the effect that they are in dispute with SEC but they "believe" they are in compliance with generally accepted accounting rules. Well, I don't believe their trash. Fleck once mentioned that if one were to compute the PE of csco based on the RETAINED earnings of the past few years since it has become public, it would be at 37 for the trailing 9 years or so. i.e. Average PE per year would be about 9x37! Of course, the counter argument I got from an accountant on the csco thread is that earnings don't matter cash-flow does. Lt us see about that. Remember SEC's letter to about 150 public companies? Look at PSFT news and tell me what you think. I believe SEC is at the end of their accounting investigation. Which makes me speculate that there may be something up for csco. biz.yahoo.com