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

To: Lizzie Tudor who wrote (69119)	10/20/2005 3:47:52 PM
From: JakeStraw	Read Replies (1) \| Respond to of 77400

finance.yahoo.com

To: Lizzie Tudor who wrote (69119)	10/20/2005 4:32:32 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

well, now you are getting into a philosophical discussion. You say options expense aren't a real expense. I say they are. For instance, if I pay you, as an employee, a slice of my apple pie, that leaves less apple pie to divide up among the people that own the apple pie. To the owners of the apple pie, that slice they gave the employees looks, feels, and smells just like the rest of the apple pie. In other words, that options expense, looks, feels, and smells like a cash expense. So to a shareholeder or investor, there is no substantive difference, which means that shareholders/investors look at GAAP EPS, despite the analysts/Street/corporations trying to fool everyone with Pro-Forma EPS.

To: Lizzie Tudor who wrote (69119)	10/23/2005 10:25:39 AM
From: kvkkc1	Read Replies (1) \| Respond to of 77400

re: If the street doesn't think options are real expenses then they aren't. Watching the streets willingness to buy CSCO at current prices or higher, it appears that the street as usual speaks with forked tongue. If everything in business is going as well as you state, why else wouldn't the institutional investors jump in? Because they know that the options are supplementing salaries so they don't have to expense. As mindmeld mentioned in a more recent post, the investors woke up and smelled the dilution in the coffee.