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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: larry who wrote (30349)	10/2/1999 1:53:00 PM
From: rudedog	Read Replies (1) \| Respond to of 74651

larry - this analysis is complete nonsense and anyone that buys into it deserves what they get. A company's dealings in its own stock are treasury operations and do not affect P&L. That is true for every corporation in the country, not just MSFT. It would be silly to include those transactions for MSFT but not for anyone else. There is no question that the use of extensive employee stock option plans (ESOs) in lieu of salary is much more prevalent in high tech than in other segments, and eventually it should be addressed. But why single out MSFT? Why not DELL, CSCO, or any of the other tech high flyers? In any event, that's the rules of the game today, not some special tactic MSFT is using. The idea that this represents "employees prepaying wages" is not supported by current accounting practices. The idea that MSFT either has large hidden costs or is not really making as much money as they claim is absurd. I can't believe this guy gets any credibility - he should be writing for the national inquirer.