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

To: lawdog who wrote (35432)	5/11/2000 9:37:00 AM
From: Bill	Read Replies (2) \| Respond to of 77397

CSCO opened at 60+.

To: lawdog who wrote (35432)	5/11/2000 10:00:00 AM
From: GVTucker	Respond to of 77397

lawdog, RE: If buybacks were really such a perfect earnings distribution vehicles there would be no dividends. Period. I would rather have the cash, personally. It's a lot harder to manipulate expectations when you are using real hard currency and not funny money. Indeed, that is why cash dividends result in a greater increase to shareholder equity than buybacks, because they are more dependable and historically are rarely decreased. OTOH, I think that to say that buybacks result in little effect is misleading. Sorry to be coarse in my earlier retort. My bad.