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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (52339)	4/17/2002 2:24:28 PM
From: jjstingray	Respond to of 99280

Well Zeev, EMLX is haning in there pretty tough. Market does not seem to want to cooperate.

To: Zeev Hed who wrote (52339)	4/17/2002 2:28:56 PM
From: lh56	Read Replies (1) \| Respond to of 99280

here's one man's opinion on the BA issue: "17-Apr-02 Boeing (BA) 46.75 -1.95: There was some confusion regarding Boeing's Q1 results this morning, which is understandable given that Boeing is virtually alone in its treatment of stock options. Boeing reported Q1 EPS of $0.75 vs the Multex consensus estimate of $0.84, but noted that EPS excluding stock options was $0.88. If this was just about any other company, that $0.88 figure would be comparable to estimates and Boeing would have come in ahead of consensus. Indeed, some financial news sources reported just that. But Boeing is not any other company when it comes to this issue. The FASB (Financial Accounting Standards Board) recommends that companies treat stock options as an expense in quarterly reports, but gives them the option of not doing so, and reporting the expense in a pro forma presentation in each year's annual report. Guess which presentation most companies choose? If you think that corporations go the route of telling shareholders less by including options expenses only as a footnote in annual reports, you're right. Boeing is a notable exception to this rule, as it has included options as an expense in its quarterly reports since 1998. The consensus estimates therefore include the stock options expenses, and the company did indeed miss estimates, with the $0.75 profit being comparable to the $0.84 consensus. They didn't miss estimates because of this practice - it appears that most estimates of the impact of stock options expenses were close to the mark. Boeing's stock is getting punished today as a result, but shareholders can at least take solace in the fact that they own a company which is more friendly to shareholders than most. Boeing tells you what its EPS figures look like both including and excluding stock options as an expense; and they do so each quarter. Most companies bury options information in an annual footnote. Despite what many technology CEOs want you to believe, there can be no argument that less information is more. - Greg Jones, Briefing.com" it's an interesting 'factoid' about the character of BA, should actually be a positive. larry