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


To: Baldur Fjvlnisson who wrote (60786)8/7/2002 8:54:40 AM
From: Ted The Technician  Read Replies (2) | Respond to of 77400
 
>>They're going to spend $8 billion to buy back 1% of their
overpriced, overbloated outstanding stock? Yeah, sure, right.

Chambers confirmed that the buy back is to offset options dilution and for future acquisitions. He did not say that the buy back is to take advantage of an undervalued stock.