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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 152.21-0.3%Jan 29 3:59 PM EST
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To: JohnG who wrote (43957)1/3/2005 12:35:31 PM
From: John Biddle  Read Replies (1) of 197427
 
I hate to think that the future of this country will fall into the hands of a group of myoptic accountants. They only see the little picture.

I think you have it backwards. FASB is only attempting to make the financial statement more accurately represent the real world. What could be wrong with that?

Without a steady strean of innovation the US simply will not be able to keep on the cutting edge -- and that is what it will take to stay in the economic forefront, given the Asian manufacturing economies of scale.

Innovation does not depend on stock options, especially those outsized to such an extent that huge portions of major companies go into the pockets of a relative minority of players. We have had innovation in this country long before options became so popular, so options cannot reasonably be cited as the source of our innovativeness.

Neither I nor FASB want to restrict the use of options, just more realistically account for them. I suspect you are afraid that if people really knew the extent of the shift of income from company owners to employees they would revalue those companies. But if they did so, they would only be doing so because of more transparent financial information.
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