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


To: Jeff James who wrote (14909)7/1/1998 5:53:00 PM
From: JRH  Read Replies (1) | Respond to of 77400
 
A stock never has the _need_ to split, IMO. Look at companies like Wells Fargo. They have done fine, and they have a huge share price. The question of when this stock will split has more to do with can they keep this stock price increase going? If so, I forsee a split between 100 and 110, assuming the stock settles down for a while. If this is a temporary jump, then I expect to wait until it settles down in the 90's --> 100's. JMO

JRH



To: Jeff James who wrote (14909)7/1/1998 5:56:00 PM
From: The ChrisMeister  Read Replies (2) | Respond to of 77400
 
In short - dunno. The stock was above 90 (12-01-97 close was 90 7/16) before the 3:2 split later that month, though it was closer to 80 at the time of the split and in the mid-to-low-80's at the time the split was announced in mid-Nov. So maybe a split is "due". If it happens, it happens...

ChrisMeister



To: Jeff James who wrote (14909)7/1/1998 6:31:00 PM
From: Eric  Respond to of 77400
 
Hi Jeff

I'm sure the board and John Chambers are a little bit uncomfortable with the high price on Cisco right now and as a result I expect them to be very cautious about what they say. Guidance is very critical. I agree with another poster that they will probably not announce a split until the annual meeting in November and would agree that the $110 range is my guess.

Eric