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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (12890)	7/20/2002 5:28:26 PM
From: stockman_scott	Read Replies (1) \| Respond to of 57684

Lizzie: Do you have any insight on this...?? Message 17768129

To: Lizzie Tudor who wrote (12890)	7/20/2002 5:43:54 PM
From: stockman_scott	Respond to of 57684

Tech sector’s options culture kaput msnbc.com <<...Deborah Willingham, Microsoft’s senior vice president for human resources, acknowledges the class distinction among employees, though she says it has existed ever since the company went public in 1986. “The earlier you joined, the better off you were,” she says. “It is different to have a lot of people who joined in the last few years have the strike prices of their options be under water. I’m sure it has impacts on morale....” But she says few people join Microsoft with the sole aim of amassing option wealth...>> <<... As technology companies respond to the new circumstances for retaining and recruiting talent, they’re finding that every solution brings with it new problems. If they ratchet up cash compensation, they increase their expenses, potentially hurting earnings and maybe depressing share prices further. That could send even more options under water in a vicious downward cycle. But lowering the exercise price of existing options can mean companies have to record the value of options as an expense, which hurts earnings and sends a pessimistic signal to outside investors...>>

To: Lizzie Tudor who wrote (12890)	7/23/2002 9:55:03 AM
From: techanalyst1	Respond to of 57684

Yes, well you might see what we saw in the 90s but we were also hit by a county bankruptcy and that was due to the county investing in derivatives. Had we not had that we probably wouldn't have been hit so hard. If you live there.... protest your property taxes. There is a risk they might reassess your property higher, but likely they'll reduce the value and you'll get a break on your taxes. We had so many people doing that the county eventually just went through and reduced taxes on houses bought in the late 80s by themselves but it took several years of declining values to get them to do it on their own. My sister watches the news more than me. She says that Grey Davis has signed a bill to put a tax on SUVs (her sweetie works for a Chevy Dealership so she's my ear on the auto industry) and thinks that SUV sales will fall and that's one reason the dealers have been pushing 0% financing on them (even foreign dealers this time). She said that Calif has been trying to put a tax on chips and sodas but the schools were against it since they make money on those items from the kids buying that stuff at school. So.... I think the state will probably try to get taxes from other places, but if housing falls, no cap gains, limited stock option gains, then how can they make up for it without raising somewhere else? Gas taxes will go down if the economy softens (gas prices should fall), so what's left? Payroll I guess, but not before the elections and if they raise that too much then California loses jobs as we migrate out to Nevada which has no income tax. TA