SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Siebel Systems (SEBL) - strong buy?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hardly B. Solipsist who wrote (5910)6/7/2002 1:34:20 PM
From: David Howe  Read Replies (2) of 6974
 
<< but treating this sort of dilution as if it is a simple expense is, in my opinion, just wrong. >>

This is my opinion as well. The fact that Tom is cashing in shares that he got as the founder is not an "expense" that should have any impact to current earnings. This accounting change would have a false effect on earnings as a result of cashing out options that had tremendous gains in the tech boom.

This is not a real expense and should have no bearing on the value of a company going forward. You must value a company on its business and financial prospects going forward, not some left over effect of the bubble that has a unique one-time effect on imaginary earnings calculations.

IMO,
Dave
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext