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

To: Stock Farmer who wrote (64790)	9/20/2003 7:14:10 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

By reporting the proximal cause of dilutive equity financing as an employment cost (for this is what it is), then the rate at which shareholders are being made wealthy by the company actions is reflected in EPS. Which is what it is supposed to represent. Not really. And besides, a few years ago the fact that unprofitable companies were "allowed" to IPO in the 90s was seen as an extreme error in judgement by the investing public. Now, with options expensing, all of the sudden forcing most every tech company to IPO as an unprofitable entity is somehow "a-ok". I don't think so. Either these things are real expenses, at which point the outrage of unprofitable companies being allowed to IPO still stands, or they aren't really expenses at which point we should all ignore them and then why are they even there? Sorry but there is just too much waffling on this issue.