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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.59

+0.3%

Jan 23 9:30 AM EST

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To: hueyone who wrote (63343)	3/17/2003 3:27:08 PM
From: Lizzie Tudor	Read Replies (1) of 77400

re::Do you seriously think that the United States of America has put the FASB in charge of social policy and compensation policies for corporations? The seven member board has an unenviable task ahead. On the one hand, it faces pressure from investors to reform stock option accounting after a spate of corporate scandals. But it also faces a blitzkrieg of lobbying from the technology industry and key lawmakers against such a move, who argue that stock options can't be valued accurately. Profits at technology companies, which lavish stock options on employees, would be hit hard if they were forced to expense them. "It's deja vu all over again," said Beresford, now a professor of accounting at the University of Georgia. "The thing that's unfortunate is that again it's going to be a political football and just not a technical accounting issue." Looks like a corporate governance call to me.

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