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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (5941)	6/8/2002 12:47:56 PM
From: Gary L. Kepler	Read Replies (1) \| Respond to of 6974

Stock options - curing government deficits Have not seen any discussion on what cured government deficits over the past decade. Keep in mind that typically 50% of option gains go to social security and income taxes paid out of the employees' gains. Current treatment neutralizes the impact on corporate income but the employees and the government both benefit. If SEBL is unprofitable with Tom ripping off all the gains, then how did SEBL end up with so much cash? I suppose it is better to reduce corporate earnings, depress the stock market, reduce employee income and revert to government deficits. All of a sudden, bonds and REITs seem like a much better investment. Companies have internally debated the proper treatment on options for over 10 years without clearly finding a flaw with current treatment. I for one do not look forward to the accounting manipulations needed to expense when issued. The problem I have is option issuance has been excessive particularly for senior executives. Stock holders should pay attention to proxies and vote against option plans that are not in the best shareholder interests.