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

To: Stock Farmer who wrote (48894)	2/12/2001 11:09:07 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 77400

John, I certainly can't claim to have the accounting background that others on this thread do. Regardless of the long term effects of the meltdown, as I understood the arguments that were being made (I am not using the word "argument" in the negative sense of the word), the effects of dramatic decrease in stock price in the context of employee stock option tax benefits (to Cisco) should have been visible in the very short term. Additionally, if proceeds from investments in companies were based on the bloated stock prices, the decrease in those stock prices should also have an immediate effect. If these won't show up as impacts on the cash flow in the earnings statement, where will they show up? Wasn't the argument that these things were positively impacting the earnings statement? JXM