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

To: William F. Wager, Jr. who wrote (23046)	2/24/1999 10:51:00 AM
From: RetiredNow	Read Replies (3) \| Respond to of 77397

Sheesh. I think we've seen that news about 50 times now. It's old. But surely it indicates Cisco is going down the tubes. I would sell all my shares now if I were you. I wouldn't want to be around when Cisco goes bankrupt next month. ---- rolls eyes

To: William F. Wager, Jr. who wrote (23046)	2/24/1999 11:14:00 AM
From: PMS Witch	Respond to of 77397

"***This may be just part of a financial planning move..." It seems reasonable that if one is granted options, which expire, and one also does NOT have enough cash lying around the house to exercise them at the given strike price, however low, they must sell some shares to raise the needed cash. I understand that bankers and/or brokers who work with these people serve their clients by taking into consideration the details of the individual's option grant, their tax situation, and their financial goals, and propose a plan to achieve the best overall result. Often this means that the cash to exercise is provided by the broker and/or banker, the stock is purchased, and some shares are sold to repay this loan, meet tax obligations, and pay expenses or commissions. Mr. Chambers' selling could be a result of finding himself in a 'Use it or Lose it' option position. Or maybe not? Have a nice day, PW.

To: William F. Wager, Jr. who wrote (23046)	2/24/1999 11:33:00 AM
From: Zoltan!	Respond to of 77397

Yes, here's the article: Cisco Systems Inc. The Wall Street Journal -- February 24, 1999 Inside Track: Executives at 3Com Were Big Sellers Of Firm's Shares During Recent Surge ---- By Bridget O'Brian Staff Reporter of The Wall Street Journal Recently, 3Com Corp. Chief Executive Eric Benhamou said the fall of his company's stock price from its recent high came because Wall Street analysts were at first too optimistic, then too pessimistic. He benefited from the optimism, at least. Mr. Behamou was one of 11 current or former executives who sold 3.8 million shares in the computer-networking company in late December and January, when its stock hit a peak of $48.625. The torrent of insider sales was so heavy in January that there were more insider shares sold at 3Com last month than during all of 1998, according to CDA/Investnet, a database that tracks insider purchases and sales. Shares of 3Com were beaten down last year as it digested its 1997 merger with U.S. Robotics Corp. The shares have since fallen to earth. They closed yesterday on the Nasdaq Stock Market at $34.6562, down 15.625 cents. Their fall is something else Mr. Benhamou attributes to analyst sentiment. In an interview last week with Dow Jones Newswires, he said the company's outlook hadn't changed, but that analysts forgot about 3Com's December warnings regarding its fiscal third quarter, which ends this month. Since Feb. 3, eight of 27 analysts lowered their estimates for the fiscal year ending May 31. A spokesman for 3Com said the company doesn't comment on the purchases or sales by its executives. "A lot of times it is dictated by their own financial situation," the spokesman said. Despite a sale of 200,000 shares at $46.21 on Dec. 28, Mr. Benhamou isn't one of the heaviest sellers. Casey Cowell, a company director, sold 1.7 million shares between Jan. 12 and Jan. 19, at prices ranging from $44.08 and $46.66. Like the vast majority of the sales by all the executives, Mr. Benhamou's sales were related to the exercise of stock options. His strike price was $3 a share, according to Primark Corp., a Bethesda, Md., firm that tracks insider transactions for institutional investors. About twothirds of Mr. Cowell's shares were related to options exercises, with strike prices ranging from $4.86 to $22.64. Ross Manire, a former officer at the company, was another heavy seller, with sales of 1.3 million shares from Jan. 27 to Jan. 29 at prices from $45.64 to $45.97. His strike prices ranged from $3.57 to $37.57. None of the options was close to expiring, Primark said, with expiration dates ranging from 2000 to 2006. The sales don't concern such analysts as Megan Graham-Hackett, computer hardware and networking analyst for Standard & Poor's Equity Group. Such insider sales, are "always a little bit disconcerting," she said, but at the same time it could merely be that executives are selling to diversify their own portfolios. It isn't just executives at 3Com who are selling. At rival computer-networking maker Cisco Systems Inc., CEO John Chambers filed papers with the Securities and Exchange Commission indicating he plans to sell 850,000 shares. The filing indicated he planned to sell them on Feb. 5. His sales came two months after Chairman John Morgridge sold 675,000 shares for $77.17 to $79.40. --- Scott Thurm contributed to this article. Journal Link: For additional information about insider trading statistics, see The Wall Street Journal Interactive Edition at wsj.com

To: William F. Wager, Jr. who wrote (23046)	2/24/1999 11:36:00 AM
From: Zoltan!	Respond to of 77397

Here's a buyer: Cisco Systems Inc. Dow Jones Newswires -- February 23, 1999 Pimco's New Invest Chief: Fund To Focus On Large-Cap Stocks NEW YORK (Dow Jones)--Pimco Growth Fund's new chief investment officer said he intends to concentrate the fund's portfolio in large-cap quality growth stocks initially, and over time reduce the turnover in the portfolio. In an interview with CNBC, Corba said his fund's focus on the market leaders stems from what he calls "Darwinism" in the stock market. "The big (companies) are getting bigger, the best are getting better." Explaining, Corba said, the large-cap stocks have a higher return on capital, higher growth rates, have been able to use "the profound synergies from technology" and also have an international stake. Corba's picks in the technology sector include Cisco Systems Inc. (CSCO) and MCI Worldcom Inc. (WCOM). In the retail sector, Corba likes Home Depot Inc. (HD), Wal-Mart Stores Inc. (WMT), Kohl's Corp. (KSS) and Gap Inc. (GPS). Among the pharmaceuticals and medical companies, he recommends Pfizer Inc. (PFE), Guidant Corp. (GDT) and Bristol-Myers Squibb Co. (BMY). wsj.com