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To: Wizard who wrote (145374)8/13/2002 3:22:25 PM
From: GST  Respond to of 164684
 
When it becomes law, the expensing of options will matter all right. Imagine that csco just reported a loss of $3 dollars a share for the quarter just ended and tell me it would have no impact on the stock price. CSCO's own numbers suggest that the impact would be might greater than I have suggested -- but it will take a while for FASB to arrive at an acceptable formula.