Zeev's Turnips Patch-No Politics (ZEEV)

[Tenchu]

Zeev, can you respond to this comment made by GVTucker (from SI)? I referred him to your comments on CSCO, and he had this to say:

I'll wait for the 10-Q to come out before I jump to any conclusions. I should note, though, that the gross margin, Zeev's major source of concern, was pretty much the same as it was last quarter. And when you compare it to the bubble gross margin of 66%, when CSCO was a much less efficient enterprise, I don't see 69% gross margins as being totally unreasonable. Zeev is looking at a really tough compare, the Q a year ago when CSCO reported a loss and threw everything but the kitchen sink at the numbers to make them look bad.

Tenchu