Our two representatives at the annual Cisco shareholders' meeting (December 7, 2011) at San Jose, California filed with this report:
CEO John Chambers declined to announce any increase in dividends or special dividends. He conditioned any consideration of dividend increases on the Congress and the President approving a tax holiday for the repatriation of Cisco profits parked overseas. He added that until they "get an answer on repatriation, it's hard to answer" what is the proper balance between acquisitions, buybacks, dividends and cash accumulation.
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Published on December 12, 2011 14:01