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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: KeepItSimple who wrote (46921)	7/10/2000 10:07:03 PM
From: blake_paterson	Read Replies (1) \| Respond to of 93625

Kis-sie poo: I'll give you a concrete example. Go back and look at the charge that RMBS shorts so excoriated RMBS longs for the last Q. Guess what? GAAP forces you to expense these when issued, at current Q. This began in 1994, I think. Where ya been the past 6 years? The world according to GAAP. Learn it. BP

To: KeepItSimple who wrote (46921)	7/10/2000 10:21:36 PM
From: blake_paterson	Respond to of 93625

kis-sie poo <<Do you have any clue how options are accounted for in GAAP?>> Here's more for you: Start-up companies commonly issue stock in exchange for property, services, or any other form of asset other than cash. The general rule to be applied when equity instruments are issued to non-employees for property or services other than cash is that the transaction should be recorded at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. aicpa.org Link courtesy of cpawisc on Yahoo. Can you spell GAAP? BP