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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.75

-0.5%

Nov 11 3:59 PM EST

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To: RetiredNow who wrote (74437)	11/7/2007 10:59:11 PM
From: Sr K	Read Replies (1) of 77397

OT as in On Topic Cisco Q1 earnings included 2.6 cents from an IRS tax settlement, so the tax rate was about 16%. The Q2 tax rate is expected to be 24%. The AH move was due to meeting expectations by a tax settlement IMO. Other points from the cc: $1.5 b cash for the qtr was from exercises of stock options (equal to half the qtr buyback). A $1 "increase" in the price of the stock will increase the fully diluted share count by 15 m shares.

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