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

To: aladin who wrote (60834)	8/7/2002 12:21:17 PM
From: hueyone	Read Replies (1) \| Respond to of 77397

John, I can easily point out imperfections and flaws with any method offered to account for stock options expense. But as I have said many times, practically any method to expense stock options on the income statement is a significant improvement over the big lie being perpetrated on outside shareholders now---that the cost of these stock options is zero. I suspect that FASB will eventually recommend a method to account for stock options on the income statement (again), and that this proposal will be the least flawed of many alternatives in their best judgment. I suspect I will endorse this proposal, when and if it is offered, as an improvement over the known falsehood of accounting for stock option expense on the income statement as zero. Best, Huey