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

To: Hardly B. Solipsist who wrote (5963)	6/9/2002 2:41:27 AM
From: hueyone	Read Replies (1) \| Respond to of 6974

You surely don't think that even without stock options that these guys are going to get paid a lot less? They'll just started getting giant insurance policies and pensions and other things that are even harder to find out about. So is it your conclusion that we should ignore the bogey man we know about now, because there are other ones out there that are just as bad or worse? If that is the case, why bother to get income reports at all? Maybe we should just let all the companies report zero expenses to us. Just think--- Oracle would have made 10 billion in profit last year on that basis and you would be rich right along with Larry. Or maybe we should just pick random names out of a hat and throw money at those companies since accurate income statements don't matter. Look, bad accounting is bad accounting--- and that is exactly what we have with the stealth stock option expense. As a shareholder, I want as accurate as information as possible on the income reports. Of course it is never going to be completely accurate, but we have a chance to close a loophole now that has resulted in tremendous abuses in recent years. I have no interest in subsidizing technological innovation in Silicon Valley, rather I am interested in investing in companies that are producing significantly more money than it is costing to operate them, just like I would be if I were purchasing a private business in its entirety. Best, Huey