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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.97-1.0%1:38 PM EST

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To: GST who wrote (145097)8/9/2002 11:32:33 AM
From: Oeconomicus  Read Replies (1) of 164684
 
1) You have not shown that put-writing income is, in fact, reported by any company as part of GAAP income.

2) Even if it is part of GAAP income, it would never be operating income.

3) Put-writing income, whether it hits the GAAP P&L or not, still has nothing to do with how stock-related compensation of employees should be booked.

4) I have said several times now that I agree that there should be an expense taken on the GAAP books to reflect this expense, but that your simple-minded "book it all at grant and I don't care whether it's ever earned or whether the valuation formula is valid because they're all crooks anyway" approach is unworkable, punitive and ridiculous. I have even suggested an approach I think is workable, fair and has some basis in existing accounting rules. But you prefer to harp on put writing and to post emotional diatribes about supposed fraud rather than consider whether your "solution" has shortcomings that WILL prevent its becoming accounting "law."
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