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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST
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To: bgg who wrote (21805)2/3/1999 3:30:00 AM
From: Guerrilla  Read Replies (1) of 77397
 
True, a stock split does not affect the underlying business directly--except that the stock runs up with makes acquisition-minded companies like CSCO have a stronger stock currency. Small investors (or small-minded ones, perhaps?--and there are plenty out there) seem to think that a split is a fundamentally good sign. It's clear that somebody out there was disappointed that Chambers didn't cleave the century-level Cisco.

The several super-exuberant and quicky comments (CSCO's going to $130, 200, etc.) make me nervous.
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