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Banking, finance, and taxes

A Cisco Debt Offering? (CSCO)

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By Jon C. Ogg Updated Published
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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

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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