How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 479.20

+0.2%

Jan 9 9:30 AM EST

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To: jonkai who wrote (72146)	8/14/2002 12:50:56 PM
From: jonkai	Read Replies (1) of 74651

Ok the FASB is adopting new rules, but of course it is still under the thumb of US tech companies that are lobbying congress to keep ESO's off the income statement..... so the ESO's are still off the Income statement.... for now...... the IASB is under no such pressure..... beginning in 2004 EU countries will be forced to expense options.... and the FASB is under pressure to come into line with international accounting standards.... so no amount of lobbying is going to help by 2004...... quote.bloomberg.com. the FASB usually follows the international accounting Board..... and there will not be an exception now.... by the way, the FASB new rules today will probably not change at all how MSFT already reports GAAP..... MSFT had already anticipated the rule changes.... after all they were the ones lobbying FASB and Congress... so they knew what the compromise would be before hand..... after all MSFT is among the ones that are basicly writing the rules by paying off Congressmen through lobbying to accept these new watered down rules........ the real change however will come when FASB will be forced to come into line with international standards... then MSFT's lobbying will be useless..... jon.

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