Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-1.3%

Jan 2 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Carragher who wrote (45013)	12/19/2000 7:42:11 PM
From: t2	of 77400

wouldn't be surprised to see some cash rich tech companies buy back some of their stock . John, Great point. Maybe these companies avoided making buyback statements before the FED meeting. A reason a company buys back stock is if they feel it is a good value. Why introduce any positive market news ahead of a meeting that could have lead to monetary stimulas. In a beaten up tech sector, we could even start getting buybacks from companies with PEs over 50. I have also been waiting for Intel to make their usual statement; would not be surprised if it comes in the coming days. Seems to be due right about now. The stock held up pretty well today; maybe they are finishing off their old buyback program before announcing a new one. Just have the Micron earnings report tomorrow as the next hurdle for PC sector. Maybe the share buybacks will commence after this. A few big cap announcements may help the Nasdaq along. I expect lots of announcements now that the FED meeting is out of the way.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next