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To: Seamus McKenna who wrote (87378)12/4/2000 11:44:35 AM
From: Seamus McKenna  Respond to of 97611
 
From Briefing.com:

11:09 ET Cisco Systems (CSCO) 46 15/16 -1 9/16 (-3.2%): -- Update -- Stock pushes off lows after Dow Jones runs headline stating that Cisco has issued no change in guidance. CSCO rebound contributing to recovery in Nasdaq (-37).



To: Seamus McKenna who wrote (87378)12/4/2000 12:52:22 PM
From: Andreas  Read Replies (2) | Respond to of 97611
 
Seamus;

Not that my experience is all-encompassing, however, I've yet to see a so-called share buy-back that actually was implemented to any great extent and then when it was implemented (on a minimal basis when compared to the advertised hype) seldom had any substantial effect on share price. In conclusion, companies are not in the business of investing in their own stock and generally stay away from doing so even after approval from the board of directors authorizing buy-backs.