Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Phoenix who wrote (12730)	2/27/1998 7:19:00 PM
From: sepku	Read Replies (1) \| Respond to of 77400

Gary, do you then believe Chambers will ally with NT? He is outspoken with his desire to work with one of the two telco equip. giants. Is there some kind of bad blood and/or rivalry between LU and CSCO that I don't know about? Style Pts.

To: The Phoenix who wrote (12730)	2/27/1998 7:27:00 PM
From: sepku	Read Replies (1) \| Respond to of 77400

Forwarding the following announcment. Sounds almost too good to be true, so I'm wondering if I misinterpreted how these YEELDS work. If they are what I think they are, I may load up on these for the long-term. Can anyone shed some light on how they work exactly? I read the release a few times, but I just want to clarify. ------------------------------------------------------------ AMEX lists 5 pct Cisco Systems YEELDS Reuters Story - February 27, 1998 14:36 CHICAGO, Feb 27 (Reuters) - The American Stock Exchange (AMEX) on Friday said its began trading five percent Cisco Systems Yield Enhanced Equity Linked Debt Securities, or YEELDS, offered by Lehman Brothers Holdings Inc. One million YEELDS were issued at $66.50, the AMEX said. They trade under the ticker symbol "YCS". Cisco Systems YEELDS make quarterly interest payments based on an annual rate of 5 percent of the issue price or $3.33, and are scheduled to mature February 26, 2001. Cisco Systems YEELDS differ from conventional notes in that the amount to be paid at maturity is not fixed, but based upon the price movement of the company's common stock. At maturity, holders of YEELDS will receive the lesser of either 151.5 percent of the issue price, or the average closing price of Cisco Systems' common stock for the 10 trading days before maturity. The listing was managed by Lehman Brothers; the specialist unit is Susquehanna Investment Group. Cisco Systems is not affiliated with the issuer nor involved with this offering in any way, the exchange said. The San Jose, Calif.-based Cisco Systems designs access servers and software for Internet access. The company's stock on Thursday was among the most actively traded on Nasdaq, closing off 1/4 at 66-1/2 with 7,793,500 shares changing hands. On Friday near midday, Cisco Systems' stock was up 7/8 at 67-3/8 on Nasdaq.