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To: H James Morris who wrote (88745)	12/27/1999 8:52:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

>Sooner or later you need income to exceed expectations! Get real, HJ! With insider stock options, who gives a rat's ass about exceeding expectations? The fundamental problem that must be addressed is that the stock market is rewarding entrepreneurs BEFORE they actually have to do any work. It used to be it took years of hard work and making a product/service that turned a profit was required before anyone got rich. Now all it takes is a biz plan on a napkin, an investment from kleiner perkins, a few corrupt nasdaq market makers, an analyst "strong buy", and ANYTHING can be worth a billion dollars. Just look at linuxcare.com.. Everyone in the valley, and everyone on wall street, openly admit that it is a complete scam hatched a month ago to capitalize on the linux craze. Their SEC filing was copied word for word from the Redhat prospectus, and the product they claim to have created, doesnt even exist! And the president is currently on the run from regulators in Nevada for fraud charges. But does the SEC care? Hell no! The IPO is still scheduled for this week. LINX is the symbol. Btw- revenues of 0 dollars, and losses of 186 thousand. Been in operation as linuxcare since september of this year- incorporated under a different name back in march.

To: H James Morris who wrote (88745)	12/27/1999 9:19:00 PM
From: Glenn D. Rudolph	Respond to of 164684

The only problem with expensing is that you can only write it off against income. When expenses exceed income, all you can do is carry it forward for 5 years. Maybe I am missing something but if I expensive the work to my self, I must pay myself. If pay myself, I have to show that as income and pay self employment (FICA) tax. I believe leaving wee enough alone is best. Glenn