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

To: jach who wrote (22035)	2/5/1999 5:05:00 AM
From: JGoren	Read Replies (4) \| Respond to of 77397

You're a blithering idiot. The two big transactions were each sales of more than 300,000 shares at around 78 after exercise of options for the same number of shares that had to be issued in 1993 or 1994. Given the large number of shares and the extremely low exercise price, it's obvious that the chairman believed so much in the company that waited until the last minute to exercicse the options before they expired at the end of 1998. He sold in order to pay the taxes. One of the exercise prices was $5 and change per share, resulting in ordinary income of approximately $72-73 per share or way over $20 million in taxable ordinary income. The two transactions produced well in excess of $40 million in ordinary income.

To: jach who wrote (22035)	2/5/1999 10:57:00 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77397

jach, I don't know if you know who John Morgridge is, but he was the former head honcho at Cisco and is now on the BOD. He owns and estimated 1% of the company. That means he owns so many shares, it would make you sick. As a result, we have been seeing him sell a ton of shares or give them away fairly often. This really doesn't mean anything. That guy is literally a billionaire. Now if Chambers started selling like mad, I might be concerned.