Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (164858)	5/3/2002 2:17:52 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 186894

RE:"Greenspan also argued that companies should change the way they grant options to tie their value not just to how the company's stock price is doing but to some measurement of how the company is performing relative to its competitors" There is so much pumped up, trumped up, fluff, fake, BS accounting out there is not even funny. Expensing these stock options would just expose it more. Not a pretty picture. Who will pay? The small, sucker, worker/shareholder. All this recovery stuff is just wishful thinking by some talking heads on CNBC or the cooked govie numbers. If things are so rosey why is are the markets collapsing again? The NASDAQ is nearing the 9/21 low again... Gold stocks are at multi-year highs...yet there is no inflation and great faith in the dollar? I think not... AG? What can he do? Congress is to blame for years of irresponsible policy. Jim

To: Tenchusatsu who wrote (164858)	5/3/2002 2:26:13 PM
From: GVTucker	Respond to of 186894

Tenchusatsu, RE: Wonder what that measurement should be? Seems like any such measurement is open to manipulation. Just ask AMD marketing (or INTC marketing if you're a 'Droid). ;-) The great myth that is slowly going away is that accountants measure facts, not opinions. It is the accountant's task to present the company's status best he/she can within a set of rules. (Yes, sometimes it can be the accountant's task to manipulate the company's status to best reflect executive management's wishes, but that is another discussion.) Stock options are an expense a company incurs to compensate some employees. It is silly that they aren't included in the income statement right now. Is their valuation subject to opinion? Sure. But without question their value is something greater than zero, which is what the income statements reflect right now. Any adjustment in that number to something greater than zero would be progress. Once we get to that point, maybe then we can argue about the method of valuation.