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

To: rkral who wrote (63354)	3/16/2003 2:48:43 PM
From: hueyone	Respond to of 77400

I must object to your continued use of the phrase "cook the books". I would hope most readers are well informed enough to know that the current non-accounting for stock option compensation expense on the income statement is currently permissable by law. However, imo, Lizzie is advocating continued, legalized cooking of the books, in that this current non-accounting for stock options compensation expense on the income statements grossly misrepresents the underlying economic performance of the firm. Regards, Huey

To: rkral who wrote (63354)	3/16/2003 3:45:01 PM
From: hueyone	Read Replies (1) \| Respond to of 77400

Edit: Since I know you are a nit picker, I am making a late edit to my post below to add the accounting term "fair value" in front of the accounting described therein: I would hope most readers are well informed enough to know that the current non fair value accounting for stock option compensation expense on the income statement is currently permissable by law. However, imo, Lizzie is advocating continued, legalized cooking of the books, in that this current lack of fair value accounting for stock options compensation on the income statements has the result of grossly misrepresenting the underlying economic performance of the firm in many instances. Regards, Huey