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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.94+1.1%Nov 28 9:30 AM EST

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To: hueyone who wrote (64525)9/14/2003 12:18:45 PM
From: Lizzie Tudor  Read Replies (1) of 77400
 
But at least Microsoft is now admitting the reality that stock options are a business expense. They certainly didn't do this for publicity or because they want to report lower earnings than they actually have (lol!); they did this for one reason---because expensing stock options on the income statement more accurately reflects the economic results of the company's operations.

That isn't why Hueyone!

Msft is a mature company with nothing to gain from options anymore. Otoh, their competition, which I personally believe are the net companies like Yahoo, may be in a position to benefit from options in the future in a hypergrowth scenario as msft declines.

Similar to what happened to Oracle/IBM in 1993 timeframe.

Msft was one of the largest participants in stock options in the 90s, they used options as a tool against some of their competitors who did not embrace them. Where was msft's concern about operating results then?

If I were the CEO of a mature company, or one who took the wrong direction I'd be out against options now too.
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