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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.46-0.6%1:18 PM EST

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To: Edward Y. Lee who wrote (22942)2/21/1999 2:37:00 AM
From: Uncle Frank  Read Replies (1) of 77400
 
>>Cisco Systems CEO John Chambers will make about $89 million from the sale of 850,000 shares of stock in the high-flying networking company.

CBS MarketWatch didn't present the whole story, and has turned what may be some good estate planning into a lurid expose. Anyone know how many shares JC owns and how many he has under option?

850,000 shares may be a small part of JC's holding, just as the $550M worth of shares Mr. Softee is selling is mouse nuts compared to his total msft holdings valued at $73B on 2/18.

Don't panic (yet); wait till we get all of the details.

Frank
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