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

To: JeffT who wrote (31786)	2/7/2000 2:16:00 PM
From: David E. Taylor	Respond to of 77398

Jeff: CSCO historically has split after a couple of months at 100+, so its certainly a possibility that a split will be announced tomorrow. CSCO cleared the decks at the 11/10/99 shareholders meeting when the number of shares authorized was increased from 5.4 billion (just room for a 3:2) to 10 billion (plenty of room for a 2:1 but not a 3:1). There are 3.5 billion shares outstanding. But it seems to me that the run-up over the last few days is in anticipation of a split, so if we don't get one, a sell-off back to around 100 would seem to be a strong possibility. I don't believe that the run-up is in anticipation of an earnings blow out, because CSCO's guidance to the street is so good that a +1c to the upside is all we can expect. Like many here, I feel the valuation is out of hand, but that doesn't seem to scare anyone. I just shed 200 CSCO and put the cash into some more COMS for the PALM IPO on 2/28, but I still have a pile of CSCO - it's the best tech mutual fund I ever owned. Good luck. David T.