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Cisco's tax scandal growing $1.510 million per day
Mon, 11/29/10 - 1:49am    View comments

Last May, I blogged that Cisco's financial exposure to its Brazilian tax scandal was growing at the rate of $1.181 million per day.

Well, over the 182 days from May 1, 2010 to October 30, 2010, Cisco's daily financial exposure actually accelerated $329,000 to the rate of $1.510 million per day.

So as of October 30, 2010 Cisco's total financial exposure to its Brazilian tax scandal stood at $2.150 billion (page 58) and continues to grow by $1.510 million every single day.

Related stories:

Cisco fined R$3.3 billion BRL and has its assets and bank accounts blocked by court order in Brazil

Cisco's financial exposure to its Brazilian tax scandal, $1.875 billion, is growing at the rate of $1.185 million per day

Cisco top brass arrested in bizarre investigation

Can Cisco shareholders afford to lose $1.510 million every single day?

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