Cisco Systems, Inc. (NASDAQ: CSCO) made an SEC Filing this morning which may leave many scratching their heads. The company filed a prospectus for a sale of debt securities.
The company did not signal the amount to be sold. No underwriters were named. And no terms were mentioned. There may not even a definite sale of these securities, at least not if other similar filings from large companies hold true.
But this could also allow some of the speculators to wonder if Cisco is ready to make an acquisition. The net proceeds are listed as “for general corporate purposes,” which is listed by the company as repurchases of common stock, repayment of debt, acquisitions, investments, additions to working capital, capital expenditures and advances to or investments in subsidiaries.
At its recent earnings release said it had nearly $30 billion in cash and equivalents.
Jon C. Ogg
February 9, 2009
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
