11. [Acquisitions and stock prices] The following extracts are taken from a story in the Financial Times
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11. [Acquisitions and stock prices] The following extracts are taken from a story in the Financial Times on March 29, 2001. page 15 Cnco Puts New Acquisitions on Hold Cisco Systems, the largest networking equipment com- pany, has put an informal hold on making any more ac- quisitions as a result of the dan in the high-tech market and Cisco's own share price The decision is expected to last until the high-tech market starts to recover, according to executives Cisco's share price has fallen by more than 40 per cent this year partly because of a steep decime in the order book. Cisco typically acquires companies by issuing new shares.
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The Analysis And Use Of Financial Statements
ISBN: 9780471375944
3rd Edition
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
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