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

To: Wyätt Gwyön who wrote (54414)	8/8/2001 6:40:03 PM
From: RetiredNow	Read Replies (4) \| Respond to of 77400

I think it's time to start talking about Cisco repurchasing shares again. I think this is one of the many ways a mature tech company can prop up the share price, while positioning itself for future price growth. When a company buys a bunch of other companies like Cisco has, at some point the investing public expects to see a return on that invested capital. One way to do that is to take the cash generated from those profitable acquisitions and buy down the o/s shares, which will increase EPS and eventually the stock price. I know, I know. $18.5B won't do much to bring the overall o/s share # down. But what I'd like to see is a commitment to take a percentage of positive cash flow every year, say 20% and purchase shares back with it. Otherwise, they aren't doing anything with the money they are making. I mean they are already at the point where they can't spend all the money they make. The $18.5B is a testament to that. So no wonder their return on invested capital has decreased. They aren't doing anything with a shitload of their own capital. Any thoughts, folks?