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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST
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To: L. Adam Latham who wrote (144152)9/26/2001 10:23:08 AM
From: Win Smith  Read Replies (1) of 186894
 
Of course, Intel is probably in better shape on that front than Microsoft. MSFT, being relatively honest on the accounting front, actually published alternative numbers years ago showing a different picture than the popular view from the street if employee option costs were fully accounted for. If you have something that can retrieve old NYT articles, you might check out "Microsoft: a Pioneer in Quality Accounting", by Floyd Norris, 11/16/97, where it was revealed that even in flush times, things could look pretty lean, depending on your accounting "rules".

Microsoft used to work hard at writing tons of puts to lay off part of the employee options costs, but I think that may have bit them big time when the techs crashed.
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