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To: patron_anejo_por_favor who wrote (179567)	7/13/2002 6:39:53 AM
From: orkrious	Respond to of 436258

Patron, thanks for posting that. I never read much on that thread. that was an eye opener. ork

To: patron_anejo_por_favor who wrote (179567)	7/13/2002 10:31:27 AM
From: mishedlo	Read Replies (3) \| Respond to of 436258

McCain's bill to expense options goes down in Flames. My reply below the release Write ths B and let her know what you think. Better yet write your senator. =========================================================== FOR IMMEDIATE RELEASE Contact: Taryn Lynds (202) 682-4443, taryn_lynds@aeanet.org Tech Industry Cheers Defeat of Senator McCain's Assault on Stock Options; Praises Senator Daschle, Senate Republicans WASHINGTON, DC --July 12, 2002 -- AeA, the nation's largest high-tech trade association, praises Senate Majority Leader Thomas Daschle (D-SD) for spearheaded yesterday's defeat of Senator McCain's (R-AZ) efforts to force companies to expense stock options on corporate balance sheets. "Leader Daschle and Majority Whip Harry Reid stood up for American workers and set the right tone for the debate. Their leadership was crucial during the Senate's deliberations," said John Palafoutas, AeA senior vice president for domestic policy. "Senate Republicans, led by Senator John Enzi of Wyoming, provided critical opposition to Senator McCain's amendment. We appreciate this important bipartisan effort in support of high-tech workers." Advancing the business of technology, AeA is the nation's largest high-tech trade association. AeA represents more than 3,500 member companies that span the high-technology spectrum, from software, semiconductors and computers to Internet technology, advanced electronics and telecommunications systems and services. With 18 regional U.S. councils and offices in Brussels and Beijing, AeA offers a unique global policy grassroots capability and a wide portfolio of valuable business services and products for the high-tech industry. AeA has been the accepted voice of the U.S. technology community since 1943. For more information, please visit www.aeanet.org. ============================================================ Conratulations on spearheading the defeat of McCain's bill to expense stock options. It is a victory for the fat cats of america and corporate insiders everywhere. It allows the continued raping of the American public and common shareholders. You must be proud. How much $ did corporations give you to lobby on their behalf. People are willing to do anything for money and you proved it too. Brocade gave 19% of the entire company in 1999 as stock options. This is not an isolated case this is the typical case. Those stock options were not expensed and resulted in mammoth shareholder dillution. We see shareholder equity dropping all over the place in spite of "earnings" statements that show DELL or whoever is making a profit. Why does shareholder equity drop although earnings are supposedly going up. You guessed it (stock options are one reason). Let's continue to hide the fact and continue to overstate profits and continue to suck in fools buying these companies so that the fat cat executives can continue to get filthy rich at common shareholder expense. Pray tell, what other accounting reforms are you fighting? Probably all of them. Let's hide all the problems forever. I bet you are happy to see SEC filings come out on a delayed basis after proforma results are published. In fact why not extend that period to years later or never. I also like the idea of 3 page earnings satetments with 20 pages of footnotes that in various ways hide offshore deal and other nonsense. Hopefully you are working hard to eliminate the need to show these footnotes at all. Too much clutter. Don't lie to me about options being too hard to expense. Some of the more conservative companies like Boeing already do it. Others can too. There are easy ways to account for them. I know. I hope you can sleep with your decision to cheer this victory. For the record, what was your bonus for this victory to rape the American public? How much $ did your organization receive from corporations to fight this battle on their behalf? It's people like you that truly disgust me. Do anything for a price to keep the status quo going and collect fat bonuses while common shareholders wonder why their stocks keep going down. Once again I repeat my congratulations on your victory for corporate insiders everwhere. Mike Shedlock