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

To: hueyone who wrote (64737)	9/19/2003 1:11:43 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

Since you are familiar with their work, do they have any solutions for the IPO problem? Somebody has to have proposed something, if nobody has anything to offer for IPOs, other than forcing every IPO to come out with billions of expenses on the books, then options expensing is DOA I'd say.

To: hueyone who wrote (64737)	9/19/2003 7:01:41 AM
From: Boca_PETE	Read Replies (1) \| Respond to of 77400

hueyone: re:(" Kaplan received the Outstanding Accounting Educator Award in 1988 from the American Accounting Association (AAA), the 1994 CIMA Award from the Chartered Institute of Management Accountants (UK) for "Outstanding Contributions to the Accountancy Profession," and the 2001 Distinguished Service Award from the Institute of Management Accountants (IMA) for contributions to the IMA and the academic community.") YOU ARE CORRECT - THIS CHANGES EVERYTHING and refutes EVERYTHING I HAVE SAID IN SUPPORT OF MY AREGUMENT "for the last time, stock options ARE NOT an "expense" for the granting company! You are citing right from the belly of the beast - those academic types who developed the thesis of expensing employee stock options despite their lack of marketability, and, despite the undeniable fact that the granting company never disburses cash or assets out for the amount of the theoretical "stock option grant expense". I'm sure these are all distinguished well meaning people, but in my view their theory that company granted stock options should be expensed. P