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

To: Eric who wrote (49945)	3/13/2001 11:31:36 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 77397

They have a lot of cash to play with so I don't see this as a problem. Uh hello, Cash is an Asset. Do you even know what an asset is? I'll let you know: it's something that can bring future benefit to a firm. Buying back stock depletes an asset and there is a tremendous opportunity cost in depleting an asset. Do you know what opportunity cost is? You can do some work and look it up. When a corporation buys back stock they better damn well be sure it's for a good purpose and that cash couldn't have been put to better use. Also, CSCO has SO many shares outstanding, that at $20/share (the supposed bottom for the people on this thread), a buy back of even 5% of the float would cost $7 billion. Anything less than 5% would be completely useless and a waste of time and cash (an asset, remember?). Dilution of float haunting CSCO, boo! Lastly, why should an investor have confidence in CSCO management to buy back stock if they can't even give us visiblity into Q3? Instead of a buyback, why don't they use that cash and pay the shareholders' a dividend?