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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.26+1.2%3:59 PM EST

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To: Pullin-GS who wrote (28504)10/1/1999 8:20:00 PM
From: Techplayer  Read Replies (1) of 77400
 
pullin, Re: "Investing in hope is a quick ticket to the poor house. Causes one to overlook the obvious sometimes"

Overlooking the obvious is what you are doing. Authorizing additional shares is a common practice by all companies. They are needed for stock splits and acquisitions. Until there is a stock split or acquisition, the number of authorized shares is not the number used for accounting purposes as they are not assigned to any owner or for any purpose. They are there for future use only.

Brian
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