Yep , tomorrow CSCO's meeting , one to watch ...
amazing still :
Cisco has acquired about 70 companies since 1995. John Chambers, chief executive of the telecom equipment company, was reported once to have said, "If you pay $500,000 to $2 million per person ... and you lose 30 to 40 percent of those people in the first two years, you've made a terrible decision."
Cisco has spent billions of dollars buying networking equipment and software companies, and many of them, like the just-closed purchase of Navarro Networks, were privately held. Cisco on Thursday said it used $258 million of common stock to purchase remaining stakes in Navarro and another company, Hammerhead Networks. It had minority stakes in the two companies.
A charge against earnings of no more than 2 cents a share will come from the purchases, Cisco says.
Ultimately, the stock market will judge whether a string of these purchases is justified. Shares of Cisco are about $2 above their September low, yet the company is still worth an astounding $100 billion, or 90 times one-year earnings.
yeeeeoooowwww!
;-) |
