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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 9:30 AM EST

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To: Ali Chen who wrote (158079)2/9/2002 9:23:36 AM
From: steve harris  Read Replies (2) of 186894
 
Ali,

Good article this morning talking about tech companies paying too much for employee stock options and keeping it off their income statements. I knew you had been keeping up with the story and a lot of people on this thread wanted to ignore you.

story.news.yahoo.com

Here's a small part:
"MANY WAYS TO BEND THE NUMBERS

Among the chief complaints are rules that allow companies to keep the cost of stock options -- a popular compensation tool in the technology world -- off income statements.

A study by Bear Stearns estimated that earnings per share reported by the companies listed in the Standard & Poors 500 index would have been 6 percent lower in 1999 if the fair value of options were included."


Steve
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