BradReese.Com Cisco Hardware Quotes Call Toll Free 877-549-2680 or 828-277-7272

Home About Repair Power Supplies Refurbished Blog Quick Links Site Map Contact Us

 
Brad Reese speaks out
Learn more about Brad Reese...
Archive
  Help

Aironet

Power Supplies

VoIP Gateways

Cisco Repair

Refurbished Cisco

Cisco CPQRGs

New Cisco

New HP ProCurve

Cisco Tools

Competitive Lab Tests

Tech Forums

How-to Tutorials

CCIE Gossip

Blogroll

 
View archive of Brad Reese speaks out

Subscribe to Bloggers speak out on BradReese.Com

Cisco's 3rd quarter 2013 channel stuffing

Cisco's Q3'FY13 accounts receivable soared +$334 million MORE than the increase in Cisco's Q3'FY13 net sales and that ladies and gentlemen is a giant "red flag" which indicates classic channel stuffing.

Hummelstown, PA:   Thu, 5/16/13 - 11:59pm    View comments

Cisco's 3rd quarter 2013 channel stuffing

5-years ago I ran into a meat grinder when I accused Cisco of channel stuffing on May 8, 2008:

Cisco's third quarter accounts receivable explained

Cisco responded to my channel stuffing accusation the very next day on May 9, 2008:

Cisco Statement on Recent Network World Blog Post

The result?

Cisco pressured Network World's Editors into forcing me to "Cry Uncle" to appease Cisco:

"Am editing this original post and any subsequent comments to remove direct accusations of channel stuffing, while leaving the numbers, the analysis and all the other comments up for you to make up your own minds."

Make no mistake about it, I'm directly accusing Cisco of channel stuffing during its Q3'FY13!

10-Year Comparison of Cisco's 3rd Quarter Year Over Year (YOY) Financial Numbers (In Millions):

Cisco's 3rd Quarter
Year Over Year (YOY) Comparison
2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Net Sales
Increase/(-Decrease)
$628 $722 $498 $2,206 (-$1,629) $925 $1,544 $1,135 $567 $1,002
Accounts Receivable
Increase/(-Decrease)
$962 (-$433) $335 $1,686 (-$1,791) $945 $258 $739 $701 $383
Days sales outstanding
in accounts receivable (DSO)
37 31 37 39 27 39 33 36 33 27

Source: U.S. Securities and Exchange Commission

Cisco's Q3'FY13 accounts receivable soared +$334 million MORE than the increase in Cisco's Q3'FY13 net sales and that ladies and gentlemen is a giant "red flag" which indicates classic channel stuffing.

Related stories:

Cisco Blog: Cisco Statement on Recent Network World Blog Post

Network World: Cisco's third quarter accounts receivable explained
 


What's your take?

Contact Brad Reese

Subscribe to Bloggers speak out on BradReese.Com

Brad's Favorite Story Picks

  1. Unconfirmed rumor: Belkin paid a mere $65 million for Linksys
  2. Arista Networks is making Software Defined Networking (SDN) a reality
  3. Unconfirmed rumor Cisco has guillotined EMC Alliance leaders
  4. Facebook Stats Confirm Reese's Brand Key To Growing Future Hershey Shareholder Wealth - Seeking Alpha
  5. Hershey Store Rejecting Certain Affiliate Sales Reveals Hidden Can't Do Sales Attitude - Seeking Alpha
  6. Cisco AVC reporting URLs with IPFIX - Mike Patterson
  7. Cisco CCIE Salaries - Dual CCIE 18532 Security/R&S George Morton
  8. President of Russia Vladimir Putin appears to square off against Cisco CEO John Chambers in Skolkovo Project
  9. Cisco letter admits culpability in ripping off State of West Virginia
  10. Cisco will take back routers it sold to ripoff State of West Virginia
  11. Auditor: Cisco sneakily used legally unauthorized purchasing process to outlandishly overprice 1,164 routers to take advantage of West Virginia
  12. Investors Beware: It Appears A Cisco Executive Went Unpunished For Leaking Financial Results - Seeking Alpha
  13. Cisco VP Lionel Chocron leaked Cisco's pending financial results to convicted insider trader
  14. Has Cisco's greed created a culture of cheating for its CCIE cert? - Anonymous
  15. ManageEngine NetFlow Analyzer vs. Scrutinizer from Plixer - Mike Patterson
  16. It's time to change the network - Dual CCIE 18532 Security/R&S George Morton
  17. SDN to SDDC - The Times They Are a-Changin' - Peter Phaal
  18. Will Cisco dump Tandberg?
  19. Cisco failure Ned Hooper is now mouseketeering with Centerview Capital
  20. View the archive of Bloggers speak out on BradReese.Com
 
blog comments powered by Disqus

CCIE available Metro DC

Supplement Cisco SMARTnet Contracts

 

©2013 BradReese.Com - Home - About - Repair - Power Supplies - Refurbished - Blog - Quick Links - Site Map - Contact Us