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

To: hueyone who wrote (60764)	8/7/2002 9:05:45 AM
From: Ted The Technician	Respond to of 77397

>>>Larry- we will be disclosing FY02 Black Sholes. Every qtr cisco will disclose Black Sholes calculations going forward. >That will be a significant improvement over most companies which make investors wait until the 10K comes out once a year, but not an improvement over companies who are coming forth to directly expense stock options on their quarterly income statements right now. I suppose Cisco will give us the numbers in the footnotes in the 10Qs. CSCO is taking a middle-road on this issue, but it is not good enough. Its reluctance to charge a non-zero expense on the income statement leads me to suspect that there are other items that CSCO is hiding from shareholders. Chambers gave such a great presentation, and in the same tone of voice announced that he won't be expensing the options because he didn't know how to value them! It is unbelievable that a company with so many great minds cannot find a non-zero options expense number to put on its income statement. Huey makes a good point, "I suppose Cisco will give us the numbers in the footnotes in the 10Qs." CSCO will continue to hide the information from investors as much as it can. It will likely not disclose the numbers in the quarterly earnings news that come out on the wires. We'll have to look for it in the 10Qs which come out much later, and CSCO is hoping that few investors will notice.