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To: RealMuLan who wrote (27498)	2/14/2006 9:39:37 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

yeah I know, I read the options article. Its just that cisco bears said cisco would go to $8 or something with options expensed and as soon as they started doing it the stock went up. I have no position in Cisco I just think this options thing is overstated. GOOG expenses options and because of that, the street looks at pro-forma. GOOG originally only reported GAAP but the analysts didn't like the BS options expenses in there. All of these companies will report pro-forma and thats what analysts will read, I believe.