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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.59

+0.4%

3:59 PM EST

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To: Rich who wrote (30002)	12/5/1999 10:49:00 AM
From: The Phoenix	Read Replies (1) of 77400

Rich, Early Out is absolutely correct. Options you get pre-IPO are worthless. I've seen IPO's with 10:1 reverse "splits" that is for every 10 shares you own pre-IPO you get one post-IPO. Furtthermore it's pratictally impossible to determine what the cap of company will be after it goes public. The one thing I disagree with Early Out on is that the pre-IPO shares are indeed worth the paper their printed on .... but that's all :-) OG

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