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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: cheryl williamson who wrote (22082)11/1/1999 4:41:00 PM
From: JDN  Read Replies (2) | Respond to of 64865
 
Dear Cheryl: This fellow sound a little loony to me. I am a retired CPA and I dont have the time to carefully go through that URL in detail but just skimming it I would say he is throwing up some BUZZ words etc. The bottom line is MSFT is audited by one of the largest CPA firms in the World. Having been a Partner in one of them (not that one) I can assure you that a client of that magnitude draws incredible review from independent partners and the very best staff gets assigned. If it was as clear cut as he indicates the CPA's would howl. If everything is being done according to GAAP (Generally Accepted Accounting Principles) then whether you like it or not its OK. I do not own any MSFT stock so am not trying to defend a position, merely make some common sense of this. JDN



To: cheryl williamson who wrote (22082)11/1/1999 11:11:00 PM
From: Dale J.  Respond to of 64865
 
It was a good article. The author might be a bit caustic in his writing style, and I can't vouch for every number, but I do believe there is significant merit to his report regarding the accounting of options.

The problem however isn't MSFT, SUNW, INTC, or any other tech company. The real problem is the accounting and congressional authorities that allow this accounting facade to legally exist. The guards are asleep at the gate.