In edit, just got confirmation on $13.74 in CSCO, I'll try for 2% this time.
Because CSCO has never had 70% gross margin, and every quarter, once the 10Q i published the have to go and explain that they have reduced COGS from that inflated inventory write off. I have not looked at last quarter P&L and 10Q, but if you have the time look at it. I commented about it on SI earlier this year (early May I believe, when they used the CSCO party to set up the Nassacre plunge.). Finally, the street is seeing the light, CSCO back a buck under my earlier sell. (g).
Zeev
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