Rumor Cisco has hired lawyer Richard J. Nelson to sue the world's most elite Cisco dealers

As Cisco begins its lawsuits, here's what could be exposed: Cisco's alleged black-hole sales into China at month end in violation of GAAP accounting standards.

New York City:   Wed, 10/8/14 - 7:41pm    View comments
 

There's a new rumor that the ethically challenged Cisco has become so desparate over its severely broken and porous worldwide product distribution channel, its given the "greenlight" to San Francisco attorney, Richard J. Nelson, to sue the world's most elite Cisco dealers on what appear to be "totally bogus legal grounds" that also appear to be made-up and concocted by Nelson in order for him to extract huge legal fees from Cisco.

According to Cisco's most recent Form 10-K, the ethically challenged Cisco faces $3.389 billion in legal penalties just in Brazil alone because of its severely broken and porous worldwide product distribution channel, not to mention what appears to be numerous unreported SEC investigations that Cisco has apparently failed to report to its shareholders.

As Cisco begins its lawsuits, here's what could be exposed:

1. Cisco's alleged black-hole sales into China at month end in violation of GAAP accounting standards.
2. The alleged discount Cisco gave Goldman Sachs in order to beat Arista Networks in a recent RFP.
3. The alleged discounts Cisco gave China Mobile and Korea Telecom.
4. As well as much, much more about Cisco's alleged outrageous discounting practices, bad behavior, customer lock-in and Cisco's artificial pressure on its customers to upgrade.

Rumor SEC recently investigated cooked books at Cisco
 

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