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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.95+0.2%Dec 5 9:30 AM EST
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To: Mick Mørmøny who wrote (59557)5/19/2002 11:11:39 AM
From: rkral  Read Replies (1) of 77400
 
>>"At Microsoft, option expense came in at $3.3 billion last year, almost one-third of the company's reported net income. Option expense was $2.6 billion at Cisco Systems and $2.5 billion at Nortel Networks."

Ms. Morgenson of Bear Stearns would seem to be giving after-tax option expenses here based on

>>"Microsoft's income tax benefit in its fiscal year 2001 was around $2.1 billion ... "

Do you agree? (The $3.3B may be a calendar year number.)

Ron
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