Sterne Agee praises Cisco's (CSCO) purchase of NDS (I, II, III), and notes one overlooked...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Sterne Agee praises Cisco's (CSCO) purchase of NDS (I, II, III), and notes one overlooked benefit: spending $5B on the U.K-based company means Cisco can invest part of its huge overseas cash stockpile without having to pay repatriation taxes. Cisco is among those lobbying hard for a tax holiday on overseas cash, and has suggested it would boost its U.S. spending if such an event occurred.