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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

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To: Tulvio Durand who wrote (49266)	2/22/2001 12:59:54 PM
From: t2	Read Replies (4) of 77397

Cisco's strength relative to the market is what makes me think there is a lot of buying going on right now. I would think Cisco would be underperforming the Nasdaq big caps as it has the highest PE of the bunch. We could be seeing some real buying here---make that a lot of real buying. Share buyback announcements should be happening soon with a lot of the big caps. I wonder if Cisco may be on the verge of doing their first stock buyback announcements..I don't recall they ever bought back their own shares. All the stock gains have disappeared for a lot of companies while they have collected a ton of cash from sales in that period. Either they buy their own shares or acquire other cheap companies. The buy of Efficent Networks at a 90% premium might be a sign of major M and A activity getting going here. In addition, Chambers recession comments on the weekend were not accompanied by more hints of a bigger profit warning and that could be the reason Cisco may be holding up strong here.

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