Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (41315)	10/23/2000 12:48:52 PM
From: The Phoenix	Read Replies (2) \| Respond to of 77400

Zactly..... Clearly the shares are coming from somewhere else which is where I was trying to drive this discussion. Bottom line you can't have it both ways. There may be an opportunity cost issue here... or a dilutive issue... if you want to take the perspective of the options being unaccounted for in the outstanding shares - as Parrish does. Of course there is the tax gain on the exercise as well which has been ignored. Alternatively one could take the view that CSCO has to purcahse shares on the open market to fulfill option exercises in which case the total number of shares is shown on the "shares outstanding" in the 10Q... in which case Parrish would be wrong with his 8.5B share estimate.