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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.42

+4.6%

Nov 13 3:59 PM EST

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To: Brian Malloy who wrote (25203)	5/11/1999 3:03:00 PM
From: Edward Y. Lee	Read Replies (2) of 77398

I expect CSCO and John Chambers to announce more likely a 3 for 2 stock split rather than a 2 for 1. The reason: they currently don't have enough authorized shares to announce a 2 for 1. Also, in the past few years, Mr. Chambers has preferred the 3 for 2 split since it doesn't drop the price below 50. I don't really understand the theory behind it, but that's what I have seen through holding the shares since 1995. Edward

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