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To: stockman_scott who wrote (6054)2/8/2002 8:57:28 AM
From: T L Comiskey  Read Replies (2) | Respond to of 13815
 
Interesting read from Zeev's thread.......

o:Zeev Hed who wrote (28429)
From: Franco Battista
Friday, Feb 8, 2002 8:18 AM
Respond to of 28523

Gretchen Morgenstern wrote a pretty nasty piece about reforms in the New York Times yesterday. Among other things, there is a bill being formulated by some powerful senators (including McCain) that would change the tax implications for corporations concerning options. Basically they want options related remuneration to be seen as company expenses in financial statements. This would radically change the declared profitability of most tech companies. One need only think of the more aggressive option grantors such as Microsoft. The senators' bill would apparently allow companies not to expense options related payouts, but if companies chose this option they would then not be allowed to take a tax deduction (which also has been inflating earnings). This is a new world. If confidence is based on perception, then the wheels are now in motion to seriously harm the confidence of the malinformed/ignorant investors. Nothing is more irksome than the feeling of "having been had". Hey, let's look at the bright side, maybe dividends will come back in style! Companies will be competing against each other to issue press releases concerning their ever-increasing dividend payments! Maybe I'm still asleep! (vvbg)