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


To: Freeflight who wrote (24917)5/5/1999 3:01:00 PM
From: Freeflight  Respond to of 77400
 
Cisco invests $3 mln in FLV Fund

BRUSSELS, May 5 (Reuters) - Belgian venture capital fund FLV Fund said on Wednesday Cisco Systems Inc of the U.S.
was investing $3 million in the fund through a planned capital increase.

Under the capital increase, FLV Fund said it would issue 228,206 new shares.

FLV Fund said Cisco's purchase price equalled its average share price over the 30 days before the agreement was concluded.

At $3 million for 228,206 shares, Cisco's purchase price represents $13.146 per share.

Shares of FLV Fund closed up $0.175 at $13.65 on Wednesday on the Brussels-based Easdaq exchange. The Easdaq market index (.EASI - news) was down
1.89 percent.