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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

3:59 PM EST

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To: Lizzie Tudor who wrote (63741)	4/28/2003 8:40:32 AM
From: Stock Farmer	Read Replies (1) of 77397

"If stock-option expensing becomes reality, it leaves CEOs with two options: Comply with Sarbanes-Oxley and certify as accurate numbers that are inherently flawed," Barrett wrote. "Or, support the spirit of the new law and refuse to sign off on the numbers because we don't believe they present an accurate financial picture." Not a problem. Barrett can resolve his dilemma the same way he's resolving it now. Currently he's signing off on reports that have the cost of stock options at zero, which we also know doesn't present an accurate financial picture. Or maybe he should just lead by example and take zero of those zero value things. John

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