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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Bernard Levy who wrote (5731)3/13/2001 6:37:54 PM
From: Nick  Read Replies (2) of 6531
 
RE: ...As I pointed out last night, now BRCM has been caught giving stock options to some employees at an exercise
price way below the price level of BRCM stock (the trick is
that the employees were given options in companies soon to
be acquired by BRCM). This may trigger an IRS audit.
Companies get to deduct the cost of options from their
profits, but this assumes options are issued at the market
price. I have no idea whether below market price options
are allowed by the tax code (you certainly will not find
INTC or TXN engaging in this kind of practice). If not,
the IRS may soon come knocking at BRCM's door.

Enough FUD for now.

NEXT!
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