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

To: John Carragher who wrote (45013)	12/19/2000 7:42:11 PM
From: t2	Respond to of 77398

wouldn't be surprised to see some cash rich tech companies buy back some of their stock . John, Great point. Maybe these companies avoided making buyback statements before the FED meeting. A reason a company buys back stock is if they feel it is a good value. Why introduce any positive market news ahead of a meeting that could have lead to monetary stimulas. In a beaten up tech sector, we could even start getting buybacks from companies with PEs over 50. I have also been waiting for Intel to make their usual statement; would not be surprised if it comes in the coming days. Seems to be due right about now. The stock held up pretty well today; maybe they are finishing off their old buyback program before announcing a new one. Just have the Micron earnings report tomorrow as the next hurdle for PC sector. Maybe the share buybacks will commence after this. A few big cap announcements may help the Nasdaq along. I expect lots of announcements now that the FED meeting is out of the way.