Some Easter Eggs for you. I went to the vault for two write-ups I did in April 2001 and May 2001 on Cisco. Much of this is relevant to today’s situation - and to my Supply Side Gluttony Recurrence post. The comments are at the end of the discussion underneath the Recurrence post, so you will see them if you sort comments for newest.

Excerpt -

To put in more real terms, remember those $3.7 billion in profits Cisco said it earned over 1995-1998? Well, Cisco has gotten so big that it can now take a one-time charge to eliminate 1995-1998 from the record books. Impressive, huh?

Actually, it gets more impressive. If one accounts for the shareholder dilution from massive options compensation abuses, you could potentially add total income from 1991-1994 to the write-off.