Washington (Sept. 15, 2004) — Technology giants Cisco Systems Inc., Genentech Inc. and Qualcomm Inc. have teamed to develop a stock options expensing alternative that they maintain is easier and less expensing to adopt than the proposal from the Financial Accounting Standards Board.

According to The Wall Street Journal, the proposal developed by the tech triumvirate utilizes a model that results in costs roughly 70 percent lower than under the options expensing proposal released earlier this year by FASB.

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