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To: Mike M2 who wrote (9613)	8/9/2000 9:19:13 AM
From: AllansAlias	Respond to of 436258

It's still early, but SOX trash looks to be catching good bids. As mentioned previously, many of these are right at decent s-t resistance and a pop of a couple of points wil clear same.

To: Mike M2 who wrote (9613)	8/9/2000 9:20:34 AM
From: Perspective	Respond to of 436258

The companies get the cash flow benefit from the option sales, but they don't get to claim it as income. Cisco's tax benefit was so huge this past year that they paid only about 1/4 of their tax bill. BC

To: Mike M2 who wrote (9613)	8/9/2000 9:20:36 AM
From: MythMan	Respond to of 436258

Companies do get a tax deduction when employees exercise stock options. There is no book income expense. Try www.fasb.com -g- rutgers.edu

To: Mike M2 who wrote (9613)	8/9/2000 9:27:32 AM
From: IceShark	Read Replies (1) \| Respond to of 436258

The tax benefit doesn't hit the P&L - I mean today's accountants are a bunch of lackeys for the new era scamsters but that is going a bit too far even for those Renfields. It is recorded in the Balance Sheet along with stock issued and cash received from the employees exercising. It winds up in the cash flow statement also via the fact that it is being recorded in the balance sheet and you have to explain the cash changes. Just pull up softie's 10K - I'm sure you can see the treatment and description in the footnotes.