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Strategies & Market Trends : Employee Stock Options - NQSOs & ISOs -- Ignore unavailable to you. Want to Upgrade?


To: hueyone who wrote (35)6/13/2002 3:29:50 PM
From: ClarksterhRead Replies (3) | Respond to of 786
 
Huey - You are missing my philosophical point - of course there are reconciliations between the cash flow and earnings. They are different things so inevitably there will be differences. But you will find that all of the other reconciliations are to make earnings a smoother version of cash flow. What you are proposing is the opposite - making cash flow smoother than earnings which defeats the whole purpose of a separate earnings statement.

Clark



To: hueyone who wrote (35)6/13/2002 6:07:52 PM
From: rkralRead Replies (1) | Respond to of 786
 
I would be willing to bet good money that Siebel donated Siebel shares to charity and then took a charge against earnings (net income) for 29M---the market value of the shares on the date the shares were donated.

From the FY2000 10K:
Fiscal 2000 charitable contributions were primarily comprised of the Company's contribution of a portion of the investment in USinternetworking, Inc. to various charitable organizations.

Can I still take the bet? <gg>

Ron