It's a disgrace,Cisco CFO was just on Bloomberg, with perpetual frozen smile stating that thir earnings were fine when SEEN on a Pro-Forma basis.
Look at Pro-Forma and we have 18% growth, he said.
CSCO, with WS applause, persist in pumping the Pro-Forma scam.
Nothing has changed, nothing--well almot nothing, EXCEPT.
In old days they would have gotten so completely away with this blatant scam, that CSCO would now be 27, and NDX up 60 points.
Fewer people are buying into the lies now, imo.
In fact the flatline from CSCO today from its opening price, indicates this is distribution, as the suckers buy, those wanting the hell out are pailing, imo.
Market Data 
Markets 
AI
