Replies to post #42683 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

In edit, and here it went, out at $13.74, I wanted $13.77, but the ask was loaded on at $13.75 filled the whole screen...

Zut, I just finished a big post on CSCO's results, and it got swallowed by cyber space, including an entry (in expectation of CC BS at $13.50). In essence, what said was, cash and investments are down 300 MM QOQ. Earnings are cooked with the help of that big write off of inventory last year (one knows that since COGS are some $270 MM lower this year while sales are supposedly 400 MM higher, with their normal margins,COGS should have been a least $200 MM higher, but they are $270 MM lower, a swing of $470 MM which i simply using written off inventories (which of course was just a "one time charge") in products at a zero COGS. Criminal.

Getting ready to dump that CSCO here for minor profit, will report in edit.

Zeev