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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.85-0.5%1:34 PM EST

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To: bambs who wrote (39838)9/14/2000 8:45:14 PM
From: The Phoenix   of 77400
 
Just got back into town... noticed you turned bearish on Cisco again after the NAZ took a dive.... Gee what a surprise. Just wondering.... what do you mean...

The fact remains that they just the stock option
expense csco carries smokes their earnings.

800 million options. If the stock ever went from $70 to $80 the stock option expense that would be mounted would be 8 billion....end result...no
earnings.


Seems to me you spend all your time (like so many others) looking for something... anything to demonstrate that Cisco is flawed somehow. Your first set of arguments when you came to the thread was competitive pressures... then it was the overall market and interest rate impacts on spending, then is was using pooling for acquisitions... now it's employee options. However once again your argument is flawed----- I believe.... but before I suggest it is perhaps you can explain your comment to me. Are you suggesting that all these options are vested? Are you suggesting that all the employee's exercise all these options in one quarter? Are you suggesting that the cost basis of these awarded options changes with the stock price?

OG
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