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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.19-0.1%3:59 PM EST

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To: RetiredNow who wrote (60404)7/23/2002 10:24:12 PM
From: Stock Farmer  Read Replies (1) of 77400
 
I can't remember what John came up with when we talked about it last, but wasn't it something like 2/3 of the $21 billion in cash and investments that Cisco has actually came from equity financing through stock options issuance. John do you remember?

1 B shares average price $35 or so. Would make 35 B$ worth of shares doled out. Half of which was options, the other half as purchase acquisitions, mostly written down as "in process R&D". They kept 21 B$ if you look into what they record as paid in capital... hey, coincidentally just about what they currently have as cash and equiv's. I wonder where the rest went? Could it have been insiders?

It takes a special management team to make 7.5 B$ in profits while spending 14 B$ along the way while nobody's looking.

John
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