Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.20

+0.1%

Dec 26 9:30 AM EST

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To: willcousa who wrote (178364)	6/24/2004 10:58:21 AM
From: GVTucker	Read Replies (1) of 186894

willcousa, RE: There have been plenty of big accounting changes in the past. Each one leads to large added fees for the public accountants. They control FASB. That is why industry has to run to Congress. It is their only hope vs. FASB. While I don't deny that there's a self serving piece to every industry group and that FASB is not exempt from that, I don't see how the stock option expensing issue would result in "large added fees" for the accounting profession. Stock option expense is already required to be computed. It is just currently reported in the notes and not in the income statement. The stock option expensing proposal put forth by the FASB wouldn't alter the fees charged by the accountants at all.

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