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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.75-0.5%Nov 11 3:59 PM EST
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To: The Phoenix who wrote (41343)10/23/2000 2:50:42 PM
From: GVTucker  Read Replies (1) of 77397
 
Wait a second. I misread your post post.

The shares for the ESPP have indeed been reserved. This is rather minor in the grand scheme of things, and I basically ignore it.

For the employee stock option plan, all of those shares are dilutive. It doesn't matter if Cisco purchases options to hedge this, even though there are significant restrictions for Cisco regarding repurchases because of their extreme use of poolings.
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