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

To: larry who wrote (62389)	11/11/2002 1:48:02 PM
From: hueyone	Read Replies (2) \| Respond to of 77400

The SEC, Fed, and the corporations, and even the dear president will fight together to make sure that trick accountings prevail in the long run. That's regarded good to the general health of the US, and the world economy. You may be correct in that is how the power people perceive the problem---especially those who cannot see beyond the next election. Nevertheless, I am convinced that continued phony accounting is bad for the health of the U.S. economy in the long run. "Denial" of the problem is only a short term band aid at best. By the way, recently 127 companies, including some IT companies, have come out of stealth mode and come forward to expense stock options on the income statements. It is possible that this trend may continue until eventually even the Cisco and Sebl's of the world will be shamed into reporting stock options expenses on the income statements. spglobal.com Best, Huey

To: larry who wrote (62389)	11/11/2002 2:19:08 PM
From: chaz	Read Replies (1) \| Respond to of 77400

Larry... You may be forgetting about organizations such as the California Teachers Retirement Board, and similar in all of the states. These groups definitely do not see that less-than-truthful reporting is good for their members (read: voters) financial health. I find it very difficult to agree with you that our leaders will, in the long run, find that tricky accounting is in the national economic interest. NY's SEC champion Spitzer doesn't seem to be cut from that cloth, and what, if not this matter, was the Pitt flap all about? If you're represented in Congress by such a cynic, I hope you'll write him/her with your concerns, and pepper your neighborhood with copies. One vote, one voice, can carry long distances. chaz