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Bill Miller dumped Fannie, bought Cisco

May 10, 2005
Bill Miller still loves tech.

Miller added shares of Cisco Systems and Yahoo! to his Legg Mason Value Trust fund (LMVTX) in the first quarter, according to a recent posting on the Legg Mason Web site.

Cisco and Yahoo were the only new stocks Miller bought for the $11 billion fund, which has beaten the return of the Standard & Poor's 500 Index for the past 14 years.

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