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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.70

+2.2%

3:59 PM EST

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To: larry who wrote (62389)	11/11/2002 1:48:02 PM
From: hueyone	Read Replies (2) of 77400

The SEC, Fed, and the corporations, and even the dear president will fight together to make sure that trick accountings prevail in the long run. That's regarded good to the general health of the US, and the world economy. You may be correct in that is how the power people perceive the problem---especially those who cannot see beyond the next election. Nevertheless, I am convinced that continued phony accounting is bad for the health of the U.S. economy in the long run. "Denial" of the problem is only a short term band aid at best. By the way, recently 127 companies, including some IT companies, have come out of stealth mode and come forward to expense stock options on the income statements. It is possible that this trend may continue until eventually even the Cisco and Sebl's of the world will be shamed into reporting stock options expenses on the income statements. spglobal.com Best, Huey

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