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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.26

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3:42 PM EST

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To: RetiredNow who wrote (64595)	9/15/2003 5:13:54 PM
From: Boca_PETE	Read Replies (2) of 77400

mindmeld: re: ("they aren't marketable today, only because they haven't been structure to be marketable on a secondary market. Coca Cola started to do this, but then backed out.") Very interesting, but as of today no outstanding employee stock options are marketable - all such employee options are all non-transferable. I would think that the internal revenue code would drive the legality of whether or not employee stock options could be structured to be marketable in the future. My advice to companies who seek to do this would be GET AN IRS RULING on the specific issue related to the provision making options granted under their specific stock option plan marketable. It would be interesting to learn why Coca Cola backed off on their plans. P

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