To: smolejv@gmx.net who wrote (5088 ) 6/18/2001 3:18:10 PM From: Maurice Winn Respond to of 74559 dj I read Bill Parish's "Microsoft Financial Pyramid". I think he's up a gum tree. He's also dishonest, which to me is a major indicator of lack of credibility. But even if I believe him, I read what he says Microsoft is doing and I say "So?" Microsoft has big, real earnings and I suppose even pays a lot of taxes. Actual, real $$ going to the US government. The stock options business is not a debt to employees. Employees accept lower pay, figuring they'll make heaps on their shares. The current Nasdaq crunch, MSFT included, will have softened the enthusiasm for shares instead of money when going to work. Bill wrote <Bill Gates has publicly said that this is his favorite publication on finance and economics. It is also generally believed to be the leading such publication in the world. In an 8/7/99 cover story, The Economist noted that a proper accounting at Microsoft would result in a loss of $18 billion for 1998 rather than the reported earnings of $4.5 billion. If you are not an accountant, don't waste the time pretending you are, trust The Economist, the earnings are not real. Don't let yourself be intimidated or deceived by financial analysts, TV commentators, bullies on Internet forums or Microsoft's elaborate public relations campaign. Bill Gates trusts The Economist and you should too . Abbey Joseph Cohen and Rick Sherlund of Goldman Sachs have been sent this material numerous times over a 9 month period and neither has publicly divulged this situation. > Me trust the Economist because $ill does? This is cult language. Don't think, trust me. I have the word. Anyway, $ill didn't say he trusts everything the Economist might say [assuming Bill has interpreted it correctly - I am not going to pursue this further as it lacks credibility]. Having a favourite magazine is different from accepting all it says and transferring that non-existent trust to a third person. Abbey Cohen and Rich Sherlund probably chucked it in the trash. It's not that they refused to <publicly divulge this situation >. The central theme that wild speculation on shares, including stock options instead of payment in money, is economically disruptive and destructive is reasonable. But it's not fraud or anything conspiratorial in my opinion. A company doesn't write out huge cheques for taxes if they don't have to. Microsoft has obviously decided it's better to pay people in shares later, than in money now, even though paying in money now would go as a tax deduction and reduce their tax payments. The employees obviously agree. It sounds like two consenting adults to me. I don't know why [other than envy, jealousy, alpha male envy, geek and nerd dislike by macho jocks] Microsoft attracts rabid [I think rabid about the right word] hatred [which I think is also the right word]. Judge Jackson, Joel Klein and Janet Reno wasted vast effort and money on harrassing probably the greatest company the world has ever seen. Judge Jackson is showing up as an emotional bully whose main purpose was to show that smart arse $ill Gates who's boss. JJ didn't dispassonately handle the case. The JJJ Klan were the bad guys [Janet, Joel, Jackson]. $ill Gates is the good guy. Mqurice PS: I have no financial interest in MSFT and they are in fact a competitor I will bankrupt one day. My Eudora software, CDMA networks, etc etc will replace his bloatware. Actually, I suspect what will really happen is that WirelessKnowledge, $ill's Tablet and other co-operative enterprises will dominate and Microsoft and QUALCOMM will settle into happy symbiosis, for the most part, [like Intel and MSFT in the fixed computer world]. Mqurice