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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.35

+0.7%

1:51 PM EST

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To: rkral who wrote (64807)	9/21/2003 5:54:26 PM
From: Lizzie Tudor	Read Replies (1) of 77400

I don't think stock options are considered financing for operations rkral. I suspect there was a period in 02 when those stock options were valued at much less than now, anyway. All these points have been made over and over and I don't think anybody has changed their mind... maybe my evaluation of options has changed in the last year on the favoritive side because I see far fewer options granted, the free market at work... other than that I don't hear anybody taking a different position wrt options now than they had a year ago. Its been enough time, so we should be hearing soon about expensing if it is going to happen.

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