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To: Les H who wrote (157661)	3/30/2002 1:04:01 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 436258

you know wall street will come up with an "options pro-forma" number that excludes options expenses. wall street will claim that since they still offer the "fully expensed" version 6 months later when they file with the SEC, that it is not misleading investors. look. it all boils down to this. most tech companies are the biggest financial frauds and pyramid schemes this planet has ever seen. the criminals running the darlings of nasdaq and dow will do ANYTHING to keep the confidence game running a little longer. fuck, look at enron. nobody cares anymore! they just proved once and for all that the public has an attention span of a meth-smoking hummingbird. why should other execs care AT ALL about continuing to break the law and rape the public shareholders when enron has shown that EVEN IN THE WORST CASE SCENARIO WHERE YOU ARE CAUGHT AND EXPOSED, if you just wait a few weeks everyone will forget about it. it's becoming clear that AOL time warner is about to collapse on itself, maybe another high profile darling dying a public death will snap the public into caution. but then again, probably not. BTW- if another enron happens and the public STILL doesn't care and continues to invest, then I say that the public DESERVES to be fleeced for every penny they own. they will then be classified in my book as being too stupid to live. ------------------------- if you report stock option expense in the financial report, then it's still deductible.

To: Les H who wrote (157661)	3/30/2002 10:15:18 AM
From: Les H	Respond to of 436258

bargain basement gas a thing of the past story.news.yahoo.com

To: Les H who wrote (157661)	3/30/2002 11:52:55 AM
From: Stock Farmer	Read Replies (1) \| Respond to of 436258

Luskin's central premise: Accounting rules permit only one way to report options expenses other than zero – and that’s their “fair value” at the time they are issued. On the other hand, present tax laws allow companies to deduct a much higher amount -- the actual value of options at the time they are exercised. Options are almost always worth more when they are exercised than when they are issued. Duuh... isn't this merely an argument that the estimate of "fair value" is inaccurate (and low)? <font=incredulous> Gosh... really?