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


To: Hyrulean King who wrote (24796)4/30/1999 5:14:00 PM
From: RetiredNow  Read Replies (2) | Respond to of 77400
 
Who said Cisco couldn't be the first company to have a trillion share float? Hey it could happen.

There is no news on a split. I bet there won't be one until after July. But if there is, I would be very happy. One thing is for sure, they would have to get shareholder approval to for more authorized shares to get a 2 for 1, because all they have room for now is for a 3 for 2.



To: Hyrulean King who wrote (24796)4/30/1999 5:19:00 PM
From: Eric  Respond to of 77400
 
It's been said before but IMHO the company won't announce a split until the annual meeting probably sometime in July-August time frame.
Chambers and the Board know the stock is trading in a historical high PE range right now and they would probably like the Company to grow a little bit more before authorizing more shares for a split.

Granted the stock will continue to slowly move higher through summer qualified by what the market does, but I'm expecting a 2 for 1 then..

It's possible for them to announce a 3 for 2 but I just don't see it here. I hope they don't do it now.

The float doesn't worry me, just the high PE. We all should be happy that the Street likes the company so much. I KNOW that I do!

Eric