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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: rkral who wrote (64129)5/30/2003 2:23:46 PM
From: Lizzie Tudor  Read Replies (3) of 77400
 
I don't think its covered rkral, I don't think expensing works for IPOs. For the same reason there are no options on new issues.

And for good companies, the founders aren't going to IPO on unfriendly terms. I know I wouldn't... I would never give a company away like Google if I had to IPO with a valuation that reflected billions of phantom expenses on my books. Who would? These companies will remain private if the equity market is unfriendly.
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