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Strategies & Market Trends : Steve's Channelling Thread

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To: Logain Ablar who wrote (11389)	2/20/2001 7:51:25 PM
From: Jdaasoc	Read Replies (1) of 30051

Tim: the significant increase in taxable wages due to option exercising. I have accountant friend that has several clients who are MSFT employees that incurred large tax burdens based upon exercise of LT stock options with large capital gains. Some tax laws changes during the Clinton era required the exercise of some options originally scheduled to be exercised in 2001 to be now exercised in 2000 adding to the amount of tech stock exercised in 2000. As the value of the asset, MSFT stock, to pay the tax liability decreases, it has been sell, sell, sell to pay the tax bill for these employees. There is sudden realization that the salary over the last 6 years of a MSFT employee is a lot less than they expected even 6 months ago.. RE Layoffs it appears to be a the "last hired, first fired" situation right now. I don't see the doom and gloom sernario yet. However, I am sure getting increased number of sales calls from salesmen trying to meet their quotas. My impression is despite their valiant efforts they will fall short of quotas due to a stalled economy and be layed off soon and seek new jobs where ever they can. john

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