Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RetiredNow who wrote (61325)	9/18/2002 10:12:43 PM
From: RetiredNow	Read Replies (3) \| Respond to of 77400

Cisco 10K -3: Expense Of '02 Stock Options Would Be $1.52B DOW JONES NEWSWIRES Cisco also said if it were to apply Statement of Financial Accounting Standards No. 123 for stock-based compensation or options, the company would have had to expense $1.52 billion of its fiscal year 2002 net income of $1.89 billion, resulting in pro forma net income of $373 million. That compares to fiscal year 2001 stock option compensation expenses of $1.69 billion, which would have increased the company's fiscal year 2001 net loss to $2.7 billion. In fiscal year 2000, the company would have had to expense $1.12 billion in stock options granted to employees. Cisco and other technology companies, such as Intel Corp. (INTC) have publicly voiced opposition to expensing options. Cisco has projected fiscal first quarter sales will be flat or up by a very low, single-digit percentage from the fiscal fourth quarter's revenue of $4.83 billion. At fourth quarter's end, the company reported a book-to-bill ratio of 1.0. Book-to-bill reflects how many orders a company receives versus how many it ships. The last quarter's book-to-bill ratio indicates revenue in the ongoing quarter should at least be flat. -johnathan burns, 201-938-2020; johnathan.burns@dowjones.com Updated September 18, 2002 2:45 p.m. EDT