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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: Carol M. Morse who wrote (62812)	1/30/2003 2:07:03 AM
From: hueyone	of 77400

In America, stock options are the modern equivalent of the Homestead Act, and are the only way for most American's to have a prayer of owning a significant piece of a productive asset- the company for which they work. Sounds like this man thinks shareholders have a moral obligation to provide employees with a charity program. Listen, most stock options go to folks earnings six figure incomes. I know a way for them to own a piece of the company they work for---open their wallets and purchase shares like everyone else does. More seriously however, the debate is not about abolishing stock options or who receives them, it is simply about properly accounting for them on the income statement. Failing to account for compensation paid to employees with stock options on the income statement is no less silly than failing to account for compensation paid to employees with cash on the income statement imo. Regards, Huey P.S. I suspect this Vice chair of the Naz is a little worried about some of his beloved Naz stocks, but they will be stronger and better companies in the long run if they come clean on this options expensing issue.

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