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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (2690)	9/7/2000 7:52:49 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 3951

Interesting article in WSJ on exclusion of payroll taxes in pro-forma numbers of various high tech cos... In their quarterly earnings announcements, businesses such as BEA Systems, Cisco Systems, InfoSpace, Qualcomm and Yahoo! are playing up a net-income figure that ignores the payroll taxes they owe when employees exercise stock options -- as if the taxes had never been incurred. interactive.wsj.com I don't think SDLI is guilty of this practice in their pro-forma earnings, although I remember one enthusiastic analyst explained that the latest Q's pro forma woulda been 36 cents if they'd backed out the 2.7 mil or whatever of options-related payroll tax.