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

To: RetiredNow who wrote (64546)	9/15/2003 11:03:23 PM
From: rkral	Read Replies (2) \| Respond to of 77400

OT ... mindmeld, re "I'd have a quarterly true-up of the [edit: option] expense as well to keep it as accurate as possible." With the passage of time, I become more and more convinced true-up is a bad idea. At the date of grant, the optionholder becomes a conditional shareholder. And when wealth creation causes capital gains for shareholders, .. I don't see why optionholders, conditional shareholders, should be excluded. IOW, not all of employee income from options should be considered compensation expense IMHO. Regards, Ron