Cisco: We stand corrected

Network World recently ran a blog post in Cisco Subnet that examined Cisco financials and concluded that an increase in the third quarter accounts receivable increase, a dip in the net sales increase and an increase in Days Sales Outstanding added up to channel stuffing, and we suggested: Cisco was cooking the books. This was supposition based solely on an interpretation of the numbers and, while Cisco didn't argue with the numbers, it refuted our conclusion and we apologize for the accusations.

According to Cisco: "Cisco employs conservative policies regarding revenue recognition." "For example, in our distribution channel, Cisco does not recognize revenue until product leaves our channel partner, effectually removing any possibility of recognizing revenue before it’s sold to the end customer."

My sincere apology to Cisco,

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