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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: SouthFloridaGuy who wrote (45174)	4/5/2000 10:21:00 PM
From: Benkea	Read Replies (1) of 99985

A friend of mine pointed out that I mistakenly used YHOO's quarter for the year. Ooops, what an idiot, eh? Oh well, I didn't mention that YHOO said something in their annual about having to pay $250 mil in payroll taxes on that payroll (er: options granted) that doesn't show up on the income statement. That's about 125% of their current run-rate. Further silliness in the option issue department coupled with further exercise of the current 249 mil options with a strike about 10% of current quote would create a bit more of that payroll tax (on that payroll that is not run through the income statement).

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