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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: Lizzie Tudor who wrote (64131)5/30/2003 3:12:28 PM
From: GVTucker  Read Replies (1) of 77400
 
Lizzie, RE: 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.

You have consistently stated in the past that Wall St analysts will ignore the expenses due to stock options and add this number back to net income. Now, in the above paragraph, you seem to imply that this won't happen.

Which is it?
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