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

To: rkral who wrote (64755)	9/19/2003 1:20:51 PM
From: Kirk ©	Read Replies (1) \| Respond to of 77400

Kirk, re "It is irrelevant to the case of issuing an option that expires worthless." That's true. Thank-you. We can ignore the buts as you agreed to my point. I don't need your lesson in probability theory. A good engineer knows it is all theory and you need to look at the limits to know if your model works. I asked you to fill in the data for the limit of the theory where the options ALL expire worthless. You refused to fill in the table because it makes my point in a rather elegant fashion. Game, point and set to Kirk. Is it the match as well? I also question your literacy as you keep saying I have not agreed that options are a "cost" but I have many times. My argument is your side has not shown me a simple way to account for it that makes sense at the limits. Clearly the limit of immediate vesting with a zero strike price makes sense to be expensed but options that expire worthless can make a profitable company look like it is losing money. You give your little lesson in probability theory and conclude: There are some details that make that statement not true .. exactly .. but you're not ready to go there IMHO. It sounds like you weren't ready to go there... Do you always insult those that don't agree with you when they are winning a debate? You CLEARLY lost this round as you decided to not respond after I asked you to fill in your little table that makes my point beautifully. Wave your arms and call me names if it helps, but I've been debating on the net long enough to shrug it off and bask in my victory! -grin- In the interests of getting this thread back on-topic, I intend to refrain from further options posts here. This forum was dead and the issue is relevant. Folks can read 10 posts at a time and quickly skip over it if they wish to avoid this and look for cheerleading posts on why Cisco isn't over or under valued. Kirk