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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 64.20

-1.5%

Jun 11 3:59 PM EDT

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To: Curtis E. Bemis who wrote (23990)	3/29/1999 12:25:00 PM
From: DownSouth	of 77394

The confusion lies in understanding that CSCO's months and quarters do not correlate with julian months and quarters. Their months end toward the end, but not at the end,of a julian month. Their quarters are off set by one "CSCO-month". According to their theory, this gives them more attention at annoucement time and smooths out some of the seasonality quarter to quarter.

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