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

To: RetiredNow who wrote (56422)	12/10/2001 10:32:07 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

Hey John, remember our debate on whether it was a good idea to repurchase shares or not? I was saying I'd like to see them reduce that o/s share number, but it's tough to make a dent in it unless they make a regular program of it and reduce the shares they give to employees. Anyway, I forgot to mention that repurchases can also be profitable for them. For instance, Cisco repurchased 27 million in the first quarter at under $13. Since the shares are now trading at $21, that's not a bad return. :)