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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-0.3%Nov 26 3:59 PM EST

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To: Steve Parrino who wrote (12326)2/7/1998 11:25:00 AM
From: The Phoenix  Read Replies (2) of 77400
 
Did it sound like John was poor-boying it on the $800 mm for acquisitions? With the pile of cash this company has, it seems he could pull off a big one if the opportunity was too good to pass up.

Yes, it did. It could have been more of a political statement than anything else. Time will tell. Still $800M in the bank to play with could be substantial if we see a correction. AND, if something comes up which looks tasty I'm sure John can go get the money...if he really wants it. ;)

Gary
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