Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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Nov 28 9:30 AM EST

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To: Gottfried who wrote (2117)	8/6/2002 7:12:15 PM
From: Proud_Infidel	Read Replies (2) of 25522

Somehow I think Chambers and J. Morgan were made from the same mold...... Cisco CEO says no plan to expense stock options SAN FRANCISCO, Aug 6 (Reuters) - Cisco Systems Inc. (NasdaqNM:CSCO - News), the biggest maker of computer-networking equipment, does not plan to expense stock options, its chief executive officer said on Tuesday. John Chambers said that expensing of options -- regardless of the form or methodology used -- is neither accurate nor easier to understand. He said Cisco will provide the estimated expense of granting options to its employees in footnotes to its financial filings. Calling for a "cautious direct approach" to the issue of how to account for stock options in terms of companies financial reports, Chambers said he had "strong opinions" about the issue. Many investors, including Warren Buffett, have called on companies to expense options, because they essentially are a form of compensation, like salaries. Some, such as General Electric Co. (GE.N.), Coca-Cola Co. (NYSE:KO - News) and General Motors Corp. (NYSE:GM - News) have already said they will expense options.

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