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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.22+0.1%Nov 24 3:59 PM EST
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To: Lizzie Tudor who wrote (67509)4/11/2005 7:33:53 AM
From: Amy J  Read Replies (1) of 77400
 
"As Cisco cut costs, the cash rolled in. The cash on its balance sheet jumped from $1.2 billion in 1997 to $9.3 billion in 2003.

The 10 Silicon Valley companies with the most cash on hand increased their stashes from a total of $21 billion in 1997 to $73 billion in 2005.

Many of these companies are building giant nest eggs as insurance against an uncertain future. When they open their checkbooks, it's often to buy back stock or acquire other companies. And if they do hire, it's usually outside Silicon Valley."

mercurynews.com
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