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Technology Stocks : Long Term Investors' Outpost
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To: Uncle Frank who started this subject8/6/2002 6:58:47 AM
From: Seeker of Truth  Read Replies (1) of 562
 
Yesterday CTSH stock fell 14% so I became more interested and looked at the annual report with careful eyes. It seems that last year they issued stock options to "eligible employees, non-employee directors and independent contractors" that were more than 7% of the outstanding shares. The requirements for being an "eligible employee" are not given. The annual report of 2001 clearly states that if they had expensed stock options the per share earnings would have been 79 cents instead of $1.09. I'm afraid this sort of thing is quite standard and I don't accuse them of dishonesty but the ordinary stockholder seems to be somewhat disadvantaged, let's say.
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