CPN: Calpine Corporation Message Board

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Gold/Mining/Energy : CPN: Calpine Corporation

FRO 23.73

+1.7%

Nov 6 3:59 PM EST

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To: inesa who wrote (431)	8/27/2002 9:17:50 PM
From: ptanner	of 555

inesa, re: " Well CPN did not close at 5.75 as one can easily see." Yesterday it did... maybe the article made a mistake. It is disappointing the fund didn't receive better demand at its IPO. In another article: "Calpine to Expense Future Stock Options - First Major IPP to Adopt Preferred Accounting Standard" biz.yahoo.com While I support this move it could make comparisons with similar stock choices problematic. At a practical level, it has no affect on cash flow but the reduction in reported earnings may carry greater weight. I wonder what the magnitude of the expense will be. (Of course, I should look at my annual report which probably contains this information in the notes section as an optional accounting method.) -PT

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