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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (51806)9/25/2002 7:46:31 PM
From: DiViT  Read Replies (3) of 64865
 
Q: There's a movement to expense tax options, but most technology companies have voiced disagreement. What's your position?


"If you want to screw up investor understanding of how much money we're making, then come up with some random Black-Scholes evaluation, where we take options from two years ago and value them at some unbelievable number. I'm happy to sell you all my options from two years ago at half the Black-Scholes number right now.

Everywhere in Silicon Valley you'll find employees who are working very hard to make their options worth something. You can go visit any one of our labs. We have teams of engineers working all throughout the night, busting their humps. If I was a shareholder, I'd love that kind of effort. "

But then you have a big investor like Warren Buffet who says it's a good idea to expense options?

"He doesn't give out options in his company. This is just another tax on innovation."

"Intel is the No. 1 server player"

From an interview with Scott McNealy
news.com.com
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