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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: JRH who wrote (27790)8/20/1999 1:09:00 AM
From: wallstreeter  Read Replies (2) | Respond to of 77400
 
seriously looking into cisco as an investment. Fantastic company with no long term debt.
wallstreeterww



To: JRH who wrote (27790)8/20/1999 5:21:00 PM
From: JRH  Read Replies (1) | Respond to of 77400
 
Cisco CFO Plans To Sell $6.4 Mln In Stock

dailynews.yahoo.com

Cisco Systems Inc. (Nasdaq:CSCO - news) Chief Financial Officer Larry Carter plans to sell $6.4 million in common stock
ahead of an options expiration, according to a Securities and Exchange Commission filing.

Carter, who has been with the San Jose, Calif.-based company since 1995, filed on Aug. 16 to sell 100,000 shares he received from exercising options,
valued at an estimated $6.4 million.

``The reason for doing that is because the options were expiring,' said Abby Smith, a spokeswoman for Cisco.

The CFO already sold 142,200 shares on Aug. 13, valued at an estimated $8.97 million, the filing said.

Cisco Systems, the world's leader in networking solutions for the Internet, had $1.452 billion in net income during the nine-month period ending May 1.

Carter earned $326,439 in salary last year, plus a $555,152 bonus, according to the company's proxy.

Additionally, Carl Redfield, the company's vice president for manufacturing, plans to sell 25,000 shares valued at an estimated $1.59 million, according to his filing with the SEC.

Redfield sold 50,000 shares on Aug. 13 valued at an estimated $3.15 million, the filing said.

FWIW,
Justin