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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.76

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To: rkral who wrote (59746)	6/9/2002 11:20:23 AM
From: hueyone	Read Replies (1) of 77400

Then the (10K) info goes on to to give us an net income (loss) "as reported" of (1.014 billion), but a pro forma net income (loss) that takes into account SFAS rule 123 of (2.705 billion). Thus the option expense is $1.69 billion. You've probably seen the numbers of $2.6B and $2.8B (as I recall) in articles recently posted on this thread. I've no idea how the authors arrived at those. Actually, the numbers adjusted for stock option expense in the article that Mick Mormony provided are pretty darn close to mine. It doesn't suggest that the option expense is 2.8 billion, but rather suggests that the company net income (loss) is (2.8 billion) given the estimated expense of stock options. My number was (2.705 billion), but what is 100 million among friends? The biggest networking-equipment maker would have had a loss of $2.8 billion had it included the cost of stock options granted to employees, according to research by Lehman Brothers Inc. Best, Huey

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