How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.56

+1.5%

2:17 PM EST

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To: John F. Dowd who wrote (71784)	7/27/2002 1:34:17 PM
From: jonkai	Read Replies (1) of 74651

The rules say when a stock you hold has a decline in market value that is "not temporary", you have to record the expense for the write-down, even if you have not sold the stock. I know I have some stocks trading below what I paid - I don't deduct them from my income this year the rules say you can put "investment gains" as a line item of your earnings statement, or take "one time" gains..... and the same with "investment losses".... MSFT chooses to use one rule for when it has "gains" and another rule when it has "losses", that is the point..... as warren Buffett quoted someone as saying.... it's not what is done that is illegal that is the shame of accounting, it's what is done that IS legal that is the real shame in corporate accounting...... anybody get the hint of what MSFT is doing here? and they are doing the same thing for employee option expenses.... they are using one rule to show you shareholders, and then another rule to show the IRS..... hello? jon.

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