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

To: Victor Lazlo who wrote (51011)	4/3/2001 9:40:43 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Sure, let me give it a go. Cisco still considers itself to have lots of places it can invest money that will provide greater incremental business value than in acquiring its own shares to prop up the stock price. Generally, large companies may at times buy back its own shares to signal to Wall Street that they are undervalued. But the quantity that they buy generally is not enough to really create upward pressure on the stock. I would rather see Cisco use its cash hoard to do some serious internal R&D, especially now that they've stopped acquiring other companies for the short term. R&D is a better investment at this point than a stock buy back program. Just my thoughts.

To: Victor Lazlo who wrote (51011)	4/3/2001 9:47:55 PM
From: Sawtooth	Read Replies (1) \| Respond to of 77400

<<Because if CSCO management believes that the stock now or at book value is still too expensive to buy back, then why should any outside investor believe otherwise??? Can anyone on this thread answer this question??? I have asked it before on this thread, and nobody can step up to the plate with an answer.>> I'll take a whack at it: I hope the company's I'm investing in are looking at the alternative uses of funds and making the best decision; just like any other investor. At any particular point in time, that might or might not be repurchase of their own stock. ....VVVVVVVV