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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.18

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To: Lizzie Tudor who wrote (65440)	5/12/2004 6:58:55 PM
From: Lizzie Tudor	Read Replies (3) of 77400

House panel passes bill to block stock-option expensing By Matt Andrejczak Last Updated: 5/12/2004 6:01:15 PM WASHINGTON (CBS.MW) -- A House subcommittee approved legislation Wednesday that would block the mandatory expensing of stock options until regulators complete a three-year study on the economic impact. The bill, crafted by Richard Baker, R-La., chairman of the House Capital Markets Subcommittee, is a counter-measure to a rule proposed by the Financial Accounting Standards Board. FASB has proposed that public companies should book stock options as an expense in a move it says would improve financial reporting. If FASB adopts the rule, it would apply to options issued after Dec. 15, 2004. It could adversely affect profits at hundreds of companies. investors.com

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