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

To: Lizzie Tudor who wrote (63346)	3/16/2003 1:11:16 PM
From: hueyone	Read Replies (2) \| Respond to of 77400

Not allow the beancounters to destroy these companies. Look in the mirror. I think a much more defensible argument can be made that it is the opponents of reporting stock option compensation, who are in favor of continuing to allow companies to continue to cook the books, that are running the danger of contributing to the demise of some tech companies' long run viability. The bury your head in the sand and pretend the expense is not there approach reminds me of Japan's bury their heads in the sand approach to their economic problems, which subsequently resulted in 15 years of terrible performance by the Nikkei. Pretending that the expense is not there does not change the underlying economic performance of the firm; it does not mean the company does not incur the expense simply because management fails to report it. But the sad part is that in some cases cooking the books does indeed lead management to behave as if the expense does not exist. Sooner or later everybody pays when the company expenses run out of control, regardless of whether the expenses are reported or not. This is bad for employees, management, shareholders and all concerned. Cooking the books is not a practice that generally leads to healthy, well run business for the long term. You are simply in denial. Regards, Huey