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Technology Stocks : All About Sun Microsystems
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To: Prognosticator who wrote (18595)8/11/1999 4:08:00 PM
From: QwikSand   of 64865
 
Not a new story, but interesting nonetheless. I especially like the quote from Warren Buffett:

"Accounting principles offer management a choice: pay employees in one form and count the cost, or pay them in another form and ignore the cost. Small wonder then that the use of options has mushroomed,” he observes. “If options aren't a form of compensation, what are they? If compensation isn't an expense, what is it? And, if expenses shouldn't go into the calculation of earnings, where in the world should they go?"

I wonder if a need to make good on executives' huge option holdings has anything to do with recent SUNW debt offerings? I certainly have no way of finding out; seems like they had enough cash anyway to buy the shares. But one never knows.

Regards,
--QwikSand
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