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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

3:59 PM EST

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To: hueyone who wrote (60746)	8/7/2002 7:55:42 AM
From: RetiredNow	Read Replies (1) of 77397

hueyone, you know very well that the same people that want Cisco to use Black Sholes today will be the ones who think it is unfair to book an earnings boost, when Cisco has to adjust from a $3 billion expense to a $150 million expense, as they would have had to have done from 2001 to 2002. That's what bothers me about it. The critics want the companies to be conservative to the point of obsurdity. So in Cisco's case, they would have shown a $4 billion loss in 2001, and then shown a $4 billion income in 2002, instead of a $1 billion loss in 2001 and a $1 billion income in 2002. Is that what everyone prefers? I say forget about Black Sholes. A better method is the way Coke is doing it. Quarterly re-evaluations will still add volatility to the numbers, but it's more accurate than Black Sholes.

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