Seeking Alpha

Cisco probed by SEC, Justice Department over Russia unit

  • Cisco Systems (CSCO) says it has started a bribery related investigation into its operations in Russia and neighboring countries at the request of the Securities and Exchange Commission and the Department of Justice.
  • CSCO disclosed the probes in a Feb. 20 SEC filing, which said the company or its resellers may have violated the U.S. Foreign Corrupt Practices Act.
  • CSCO does not believe the results will have a material effect on its finances.
Comments (7)
  • Brad Reese
    , contributor
    Comments (554) | Send Message
     
    This appears to be just the "tip of the iceberg" when it comes to Cisco's business practices:

     

    Rumor SEC recently investigated cooked books at Cisco

     

    "The SEC has been inquiring about potentially unscrupulous business practices that may have inflated Cisco's earnings by hundreds of millions of dollars over the years.

     

    "They were booking it as current quarter revenue and keeping track of it manually on the back end. Often times in order to let the customer use the money, it came out as Zero Dollar orders from new orders, so in essence they were keeping two sets of books and were violating Sarbanes Oxley."

     

    http://bit.ly/1jFTSc0

     

    Sincerely,

     

    Brad Reese
    14 Mar, 03:00 PM Reply Like
  • User 6830851
    , contributor
    Comments (142) | Send Message
     
    How much do you get paid for each visit that is made to your site?
    15 Mar, 12:58 AM Reply Like
  • Brad Reese
    , contributor
    Comments (554) | Send Message
     
    Hi User 6830851,

     

    Cisco appears to have been "cooking its books," and all you're concerned about is how I get paid.

     

    Sincerely,

     

    Brad Reese
    15 Mar, 10:12 AM Reply Like
  • User 6830851
    , contributor
    Comments (142) | Send Message
     
    Sorry. Thought we were ere as individual, private investors sharing our thoughts. I did not know that this was a place for professionals to advertise their websites by placing links on SA.
    16 Mar, 11:53 AM Reply Like
  • Brad Reese
    , contributor
    Comments (554) | Send Message
     
    Hi User 6830851,

     

    Nobody has ever accused me of being a "professional" before.

     

    So are YOU saying a "rumor" that the SEC investigated Cisco for cooking its books has nothing to do with the "topic" of this SA web page?

     

    The date of this web page is March 14, 2014.

     

    22-days before the publication of this web page I published the "accurate fact" that Cisco was being investigated for corrupt business practices:

     

    http://bit.ly/MfQdmi

     

    That's like 3-weeks ahead of The Wall Street Journal article that has now brought national attention to this issue.

     

    Sincerely,

     

    Brad Reese
    17 Mar, 09:09 AM Reply Like
  • frank paxman
    , contributor
    Comments (562) | Send Message
     
    Have to side with User 6830851 here, Brad. Your list of CISCO posts certainly raises many valid points. The question is, when do you stop beating a dead horse?
    18 Mar, 11:24 AM Reply Like
  • Brad Reese
    , contributor
    Comments (554) | Send Message
     
    Hi Frank,

     

    Personally I don't think I'm beating a "dead horse," as I've been blogging about Cisco for more than 7-years now.

     

    First for 3-years on the networking industry Bible, Network World:

     

    Brad Reese on Cisco

     

    http://bit.ly/1gAziCJ

     

    And now for 4-years on BradReeseCom the voice of networking:

     

    Brad Reese speaks out

     

    http://bit.ly/KgBscV

     

    All of my blog posts are "accurate facts" with regard to Cisco.

     

    Here's my dilemma and/or opportunity (depending on one's viewpoint):

     

    Readers keep forwarding interesting Cisco issues to my attention, which I love by the way.

     

    I mean, you can't make up these "accurate facts" about Cisco!

     

    Sincerely,

     

    Brad Reese
    19 Mar, 02:06 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|