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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (44595)11/17/1999 6:30:00 PM
From: Bill Ounce  Read Replies (1) of 94695
 
Bill Parish has a diatribe against Microsoft book keeping.

If what he says is true, it could trigger a massive correction. But it looks like Microsoft is fully exploiting legal loopholes to increase their earnings statements.

Check it out at billparish.com

Summary paragraph:
"The fundamental problem is that Microsoft is incurring massive losses and only by accounting illusions are they able to show a profit. Specifically, Microsoft is granting
excessive amounts of stock options that are allowing the company to understate its costs. You might ask yourself, what would happen to Microsoft's stock price if the public
suddenly realized that they lost $10 billion in 1999 rather than earning the reported $7.8 billion? If 80 percent of its stock value or roughly $400 billion is the result of a
pyramid scheme, one might also ask what kind of effect this could have on the retirement system. It is also important to note that this is a relatively new situation that did
not occur before 1995.
"
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