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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: NYBellBoy who wrote (11455)	5/11/1999 4:53:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 18016

Bellboy, I understand exactly what you are saying, but, that wasn't what I was talking about. My point was that the statement that CSCO doesn't bill their products until the customer receives them is not accurate for many of the type of products that CSCO sells. If they are shipped via common carrier from a CSCO warehouse/plant the title will pass with the pick-up. At that point it is considered a sale. Generally, the billing has occurred before this. It would be reversed if the goods were not picked up and title transfered(its still inventory in that case).