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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (45255)	4/6/2000 6:59:00 PM
From: Benkea	Respond to of 99985

I spoke to my CPA today (a YHOO shareholder on margin - hehe) whose best guess for how much YHOO's $6.350 mil in payroll taxes on options exercises (not found in the "pro-forma" numbers - only the real ones) implies $85 mil in option related compensation for the quarter. $85 mil in expenses not run through the income statement are rather substantial for a company reporting $74.866 mil in pre-tax operation "earnings". This note was buried at the bottom of the quarterly in relation to the $6.350 mil "Payroll taxes on option exercises (1)" "(1) In September 1999, the FASB issued a Staff announcement which requires employer payroll taxes assessed on stock option gains realized by employees to be recorded in the income statement."