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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: Sector Investor who wrote (15946)	9/24/1999 2:04:00 PM
From: signist	Read Replies (1) of 42804

(REUTERS) Cisco seeks to almost double authorized shares Cisco seeks to almost double authorized shares WASHINGTON, Sept 24 (Reuters) - Cisco Systems Inc. <CSCO.O> said Friday it is seeking to almost double the number of its authorized shares of common stock to 10 billion from 5.4 billion, a Securities and Exchange Commission filing said. The company said the additional shares may be needed to complete acquisitions or other corporate transactions as well as for the company's stock option and purchase plans and for other existing employee benefit plans. Cisco asked its shareholders to approve the plan at the company's annual meeting Nov. 10 in Santa Clara, Calif., according to its proxy. The San Jose, Calif.-based company has 3.29 billion shares outstanding as of Sept. 13, the filing said. Cisco shares are down 1/2 to 68-7/8 in heavy trading on Nasdaq. ((Jeremy Pelofsky, 202-898-8399)) REUTERS * end of story *

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