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

To: GRANOLA who wrote (21470)2/1/1999 2:40:00 PM
From: Eric  Read Replies (1) | Respond to of 77400
 
$117 3/8 right now.

There is enough authorized for a 3 for 2 but not a 2 for 1 right now.

I totally agree with mindmeld that we need to let this settle down.

But I have to admit this stock is hot right now!

Eric



To: GRANOLA who wrote (21470)2/1/1999 4:15:00 PM
From: L. Adam Latham  Read Replies (1) | Respond to of 77400
 
GRANOLA:

Re: Does anyone know for sure whether CISCO has authorized enough of a share increase for a 2:1, versus 3:2 split tomorrow?

From CSCO's 10/24/98 10-Q, there were 2.7B shares authorized, and 1.573B outstanding. Another 3:2 split is doable, but a 2:1 would require shareholder approval. I wonder why they didn't increase the authorized shares at the last shareholder's meeting in November?

Adam


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