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To: Jorj X Mckie who wrote (7916)	5/15/2001 5:16:22 PM
From: Mark Marcellus	Read Replies (1) \| Respond to of 17683

If I were a Cisco shareholder, I'm not sure I'd take any consolation in the fact that they replaced the underwater options rather than repriced them. The dilution from this options grant will be either the same as, or worse than, a repricing. The whole thing strikes me as a rather weasely way of effectively repricing options while still being able to say that you didn't.

To: Jorj X Mckie who wrote (7916)	5/15/2001 8:12:53 PM
From: 10K a day	Read Replies (1) \| Respond to of 17683

hey. we don't care about no stinkin' facts...

To: Jorj X Mckie who wrote (7916)	5/16/2001 11:51:55 PM
From: long-gone	Respond to of 17683

<<Claiming that CSCO is repricing options. They are giving out more options, not repricing. A big difference. And of course he editorializes with comments about wishing that they would do it for all of the shareholders. Yo! David!!! Learn to report the news, not make stuff up so that you can sensationalize it.>> Fully agree, every tech company grants piles of options every year and prices them at the price that year. Where was their equal reporting when they did it in the inverse direction a few years ago?