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


To: Ted The Technician who wrote (60799)8/7/2002 8:57:20 AM
From: Baldur Fjvlnisson  Read Replies (1) | Respond to of 77400
 
What they need is a massive reverse split.

This is ridiculous:

Per-Share Data
Book Value (mrq*) $3.93
Earnings (ttm) $0.25
Earnings (mrq) $0.10
Sales (ttm) $2.55
Cash (mrq*) $1.74

Valuation Ratios
Price/Book (mrq*) 3.07
Price/Earnings (ttm) 47.63
Price/Sales (ttm) 4.7



To: Ted The Technician who wrote (60799)8/7/2002 1:52:06 PM
From: Lizzie Tudor  Respond to of 77400
 
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.

from the call Q&A,

Tom Wiesel
-why expansion, offset future options?
Larry: inital buyback to mitigate options, 3%/yr, 3billion$ year. Additional approval goes beyond options, for additional options, and acquisitions.
JC: bring in the stock now, "time will tell if we've timed it right"
(Lizzie- CEOs don't like to comment on stock prices I know but he let this slip, heh got him)

L