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

To: Lizzie Tudor who wrote (63400)	3/18/2003 2:07:05 PM
From: GVTucker	Read Replies (1) \| Respond to of 77400

I know we all know that the financial community is going to proforma these "expenses" out, just like John Chambers says. Please do not include me in your "we".

To: Lizzie Tudor who wrote (63400)	3/18/2003 2:48:21 PM
From: hueyone	Read Replies (2) \| Respond to of 77400

I know we all know that the financial community is going to proforma these "expenses" out, just like John Chambers says. Lol. Chambers is a hell of a salesman, but he isn't such a great salesman that he is going to be able to sell that self serving statement. Perhaps a fundamental point you are missing is that the underlying economic performance of the firm is the same regardless of whether stock options are reported or not. Knowledgeable finance people, for example those issuing an IPO, generally understand what this underlying, economic performance of the firm is even if the company is failing to expense stock options. (Many retail investors do not.) Expensing stock options on the income statement does provide more transparency, not less, concerning the actual, underlying economic performance of the firm. That is the job and the goal of the FASB, to provide better transparency on the companies' financial reports to investors regarding the underlying economic performance of the firm. The Financial Accounting Standards Board Serving the investing public through transparent information resulting from high-quality financial reporting standards developed in an independent, private-sector, open due process. Regards, Huey