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

To: Eric who wrote (9878)10/28/1997 4:07:00 PM
From: Zoltan!  Read Replies (1) | Respond to of 77400
 
Actually, I believe Cisco canceled their announced buyback plan sometime last Winter or Spring.

They had to do that to maintain tax free treatment when "pooling" an acquisition made with Cisco stock. I believe they are allowed to repurchase Cisco stock solely to accommodate employee stock option plans and related acquisitions.

Since the above is from memory, maybe someone from Cisco could confirm.

Looks like Cisco will close at $80.

Regards



To: Eric who wrote (9878)10/28/1997 5:02:00 PM
From: Sonki  Read Replies (1) | Respond to of 77400
 
eric,''shopping list for recovery'' includes Cisco Systems Inc (CSCO), Lowe's Cos Inc (LOW), AMR Corp (AMR), PeopleSoft Inc (PSFT),
Home Depot Inc (HD), CVS Corp (CVS), Schlumberger Ltd (SLB), Gap Inc (GPS), Eli Lilly and Co (LLY) and Time Warner Inc (TWX).

why would we want csco to waste their money on buying csco @50 pe
when morgan stanley is willing to do it.


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