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

To: ed who wrote (20195)	12/29/1998 1:53:00 AM
From: RetiredNow	Read Replies (5) \| Respond to of 77400

I'll go on the record with my guess: Cisco will not split until August or September of 1999. My reasoning is simple. Cisco mgmt is very conservative. They realize price may have gotten ahead of itself and will not take a risk by splitting early. Instead they will wait until earnings catch up with price and split after FYE close. Thus 8/99 or 9/99. In addition, the split will more than likely be 3 for 2.

To: ed who wrote (20195)	12/29/1998 6:30:00 AM
From: nihil	Read Replies (1) \| Respond to of 77400

re: Stock split legalisms As of Dec 2 1,579,044,305 (1.6 billion) shares were outstanding and 2.7 billion were authorized. The 1.6 billion is a key number to remember, so that you can go to sleep at night calculating the capitalization at the day's close. The 2.7 billion is a good number to remember because it means there isn't going to be any 2/1 split until we get together and approve an increase in authorized shares -- say to 4 billion (although, personally, I would go for 5 billion -- it costs not a penny more). While you're trying to drop off, you might also calculate that there are plenty of authorized but unissued (1.1 billion shares) to give us another 3/2 split any time. That would leave only 300 million shares in the shopping cart. IMO pass on the 3/2. I would hate not to have stock in pocket if FORE, Ascend, or Nortel (or some East European country) became available. I wouldn't touch Chechnya or the Sanjak of Novi-Bazaar, but would really like to get Estonia or Slovenia inside if available (more than FORE! -- can you imagine having jach* thrown in or having to be granted a very small golden parachute!). Wonderful manners. Great charm. So-so food. Really good-looking girls, though; I've seen 'em with and without their dirndls: good brains, great hair, and truly creative manual dexterity. Fabulous places for a fab, a lab, or a test and assembly shop, or just to vacation in.