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

To: Wyätt Gwyön who wrote (62398)	11/11/2002 5:04:00 PM
From: hueyone	Read Replies (1) \| Respond to of 77400

that scumbag Greenspan as suspect number one. Actually Greenspan is on record as favoring expensing stock options on the income statements, having said at one point that it was his top post Enron reform priority. He has also stated that not expensing stock options on the income statements may have resulted in capital flows to sectors and companies that didn't deserve the capital anyway. Message 17249383 The Fed Chairman used that clout in telling Congress earlier this month (March, 02) that stock-option expensing was his top post-Enron reform priority. "I do not deny that earnings would be lower if you expensed them," he said. "I do not deny that there may be greater difficulty in attracting capital ... ," he added. But he suggested that the extra capital many companies attracted with earnings reports that failed to reflect the cost of stock options was probably money they didn't deserve anyway. Best, Huey