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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.42+4.6%3:59 PM EST

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To: Stock Farmer who wrote (63686)4/22/2003 5:56:22 AM
From: rkral  Read Replies (1) of 77398
 
OT ... John, re "In the past 10 years, those 16,000 employees took away 18.923 Billion dollars, or a bit more than a million bucks per employee."

Over and above regular salaries .. in a 7 year period.

re "If so then Cisco's earnings after option expense would be 7,346 - 18,923 = (11,577)... deeply in the hole."

Using the "Shannon/mindmeld true-up method". The FASB method puts the earnings at $3,584 (373 - 2705 + 1549 + 1487 + 1109 + 899 + 872). That's a $15,161 difference between the two methods -- *15 billion dollars different*.

It's no wonder that option debates can become as heated as religious wars. <gg>

I wonder why mindmeld is a proponent of "options expense true-up" AND then also thinks Cisco is a great company.

Regards, Ron
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