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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.44

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10:11 AM EST

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To: hueyone who wrote (64744)	9/19/2003 11:18:12 AM
From: Boca_PETE	Read Replies (1) of 77400

hueyone: re:(" It is truly pathetic for you...to suggest this man has no expertise.") My statement "I'm sure these are all distinguished well meaning people, but in my view their theory that company granted stock options should be expensed" respected the man and expressed my opinion that his view that options should be booked as a company "expense" ws wrong. IT IN NO WAY CLAIMS THE MAN HAS NO EXPERTISE. The last I heard, it's still a free country where everyone is entitled to their own view. Why did you distort what I posted? re: ("You conveniently left out the fact that he has received awards from the accounting profession for producing work that has had the most impact on the actual practice of the profession.") You imply an intention where no intention existed or exists. re: ("you to come over to this thread proclaiming yourself an accounting expert") In my previous posts, I honestly related my work experience in the area of accounting and reporting of employee stock options. That to me DOES NOT amount to proclaiming oneself as some kind of expert. If I had not disclosed my experience, would you not have demanded that disclosure. What is your dog in this hunt? I'm just expressing my opinions and why I hold them. Nothing I say is authoritative - this is just a friendly heated debate. I know I'm outnumbered by a lot of heavy weights (Greenspan, Mertin, Kaplan, Buffet, The entire FASB, whoever) but I feel strongly about my view and the reasons for it. I do not owe anyone an apology for that! FASB 123 has not yet been repealed by the FASB. To this day, companies still can choose to follow either APB 25 or FASB 123 for option accounting. I use the new Google Toolbar too. It's really great. But why should I work hard researching for free when I'm retired. You've got to admit, some here are very sensitive on the option accounting issue. I personally no longer care how it all turns out other than a sadness I will have if they eliminate the option to use APB 25 accounting. P

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