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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (13545)	8/6/2002 4:27:51 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 17639

it ain't doing too much yet. But that $2B repurchase is exactly how they beat by .02. They reduced the number of shares and therefore increased the EPS.

To: MulhollandDrive who wrote (13545)	8/6/2002 4:47:57 PM
From: Dave Gore	Respond to of 17639

Market looking at CSCO news as "Well, ahhh, hmmmm....". While the stock buyback could certainly ignite a market rally, it's also possible the premiums are going to get sucked out of the calls and puts and the stock may settle in around $12.50 for awhile. They beat by 2 cents on a tiny rev. miss (essentially in-line) so that tells me that either product margins are up or their costs are down. If the former, that would be especially positive because margins don't go up if demand is slack.