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

To: rairden who wrote (62606)	1/5/2003 8:26:39 AM
From: RetiredNow	Respond to of 77400

Hmm, their fully diluted o/s share number hasn't really been growing for a year or more. Here are the figures from the latest 10Q: Fully Diluted Shares Oct 26, 2002 = 7,327 Oct 27, 2001 = 7,307 Here's the breakdown of their options. Of the 1,269 million shares outstanding, 836 million are out of the money. Of those, 506 million were issued at prices ranging from $27.62-63.98, and are likely to expire worthless. Then on top of that, Cisco now has a share buyback program. So the bottom line is that I don't think their fully diluted share number is going to be growing much going forward. It's still way to high, but at least it's not growing at the 4% rate per year, like it did during the bubble years.