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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.78

+1.2%

Dec 3 3:59 PM EST

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To: Don Lloyd who wrote (64629)	9/16/2003 11:33:52 AM
From: RetiredNow	Read Replies (1) of 77400

Hi Don, I would not call it fraud nor a masking of excessive dilution. It only feels that way to shareholders because it's only when companies repurchase shares to combat dilution from stock options issuance that shareholders start to accutely feel the pain from how much these stock options are costing them. Dilution is a bitch in disguise. Wait until the pig no longer has lipstick on it and options are expensed. Then let's see how much in favor of stock options most shareholders are!

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