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

To: RetiredNow who wrote (63061)	2/10/2003 9:24:57 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

The average exercise price is above $50 and you really think these things are going to be worth something to the employees anytime before they quit and move on to another company? Huh? Seems to me you completely misunderstood. I was talking about the price at which employees exercised. Not the price at which options were granted. Even though most of the options ever granted are completely underwater, not all are underwater. The intrinsic value of Cisco's in-the-money options reported in the last 10-Q was about 1.4 Billion dollars. Since I think 1.4 Billion dollars, today, is worth something to employees before tomorrow, yes, I do think these things actually are going to be worth something to employees anytime before they quit and move on to another company. Is there something wrong with this thinking? That's more than was outstanding when people started burning themselves out for option compensation back in '95. For example. Cheers, John