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

To: Jack Hartmann who wrote (60661)	8/5/2002 5:27:47 PM
From: Sr K	Read Replies (2) \| Respond to of 77400

Is Cisco diverting funds to former employees? AYR Networks' technology and engineering techniques will enhance Cisco's ability to accelerate the integration of software from multiple sources, resulting in faster time to market of new or enhanced features and functionality. Additionally, AYR Networks' expertise in developing software for distributed routing architectures will support Cisco's ongoing efforts to increase network performance. Under the terms of the agreement, Cisco common stock worth up to $113 million will be exchanged for all outstanding shares and options of AYR Networks not already owned by Cisco. Cisco currently holds a minority interest in AYR Networks. Awhile ago Cisco funded the startups of several companies founded by then current employees, taking some equity with potential to buy the rest for $100 million to $200 million. Is this one of those situations? Is it a more effective tax approach for the employees? Is it a fair price? Is it a fair structure, that employees hold out for equity, while common shareholders are left with the remnants of the prior company? To buy CSCO, any time, investors had to have participation in new products developments. If the AYR purchase is now at "fair value" it incorporates the full fair value at this time, depriving shareholders of the developments, except for the equity portion already owned by Cisco prior to the acquisition. How many of the AYR shareholders were former Cisco employees? And, why is Cisco issuing stock at this price, rather than cash? Do they still think the stock is "good currency" or were they required to issue stock when AYR was set up?

To: Jack Hartmann who wrote (60661)	8/5/2002 9:05:03 PM
From: ahhaha	Read Replies (1) \| Respond to of 77400

Lehman is painting the tape for an upside. Lehman is lost in the noise just like everyone else in this heavily traded stock. Long for a swing trade at 11.38. CSCO has good shot at $12.50 before options expirations. This doesn't sound like you, Jack. Also, selling volume is slowing quite substantially today until Friday. This is unclear, but the every trade money flow has something else to say. The MMs took it down and people bought the dip everytime it got to intraday lows. You should know better. The MMs can't "take it down". The stock has 40 major makers, and they are minimally involved. At most they're executing for their clients and they aren't interfering with the public action because the action is incredibly dense. That pattern is not short covering but hedge funds buying for a ramp into earnings. The money flow for the various sizes doesn't support this contention. Blocks were flat and traders were neutral to negative. The net flow in seems primarily to have come from the non-institutional retail public, all doing what you're doing. It might work. The funds want it below eleven but they might have to wait a few weeks. If you think this is true, it makes no sense to gamble on a run-up. It's just a crap shoot. I thought that was below you.