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To: Johnny Canuck who wrote (39035)	3/19/2003 11:19:44 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71356

8:17AM Cisco board oks additional $5B buyback of common stock (CSCO) by Michael Baron Cisco Systems (CSCO) is saying that its board has authorized up to $5 billion in additional repurchases of its common stock. As of Jan. 25, the San Jose, Calif., networking equipment giant had already bought back $4.4 billion worth of common stock under its existing $8 billion authorization. "We believe repurchasing Cisco stock while maintaining a strong cash balance is in the best interest of our shareholders," said Larry Carter, the company's CFO, in a press release.