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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.19-0.1%Jan 16 9:30 AM EST

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To: RetiredNow who wrote (51019)4/3/2001 10:41:17 PM
From: Eric  Read Replies (4) of 77400
 
mindmeld

Buying back stock is really stupid. I know that companies have done it in the past but in the long run I don't see it really helping companies except to help the stock short term as you said. Cash is king in this situation and I know these guys want to take advantage of this.

If they don't warn this week it will probably be too late to do so for this the qtr. I believe JC wants to give us good guidance but he probably won't say anything until the CC. I expect the CEO and CFO to give us a good model of what they will do going forward. That's where we will get the write-downs and charges. They will probably be pretty conservative and take it all out in one qtr.

We all want the warning but we may not get it. It's possible that things are not as bad as some of us would like to believe.

A little over a month to go...

They are not going to burn up all their cash this year. Not even half of it...

Eric
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