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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (50661)	7/24/2002 10:32:10 AM
From: JDN	Respond to of 64865

Dear Ken: Warren has ALWAYS been opposed to stock option accounting or lack thereof. Its only been recently that it became a major problem. Frankly I am not sure of what is right here, I do feel stock options have been HORRIBLY ABUSED from the time that I was first involved with them. TOO MANY issued to begin with ETC ETC. Now as to Pension estimates, this refers to DEFINED BENEFIT PLANS. You have NO IDEA how complicated that is. Everyone relies on these Mathmaticians to estimate returns and all. Every year when I audited at least we got a letter from ACTUARIES telling us HOW MUCH should be accrued (expensed). They would issue a RANGE of numbers and we made sure the client booked a figure within that range. Its IMPOSSIBLE in my judgement for the average company no matter how many CPA's they employ to work up thesee numbers alone. I hate DEFINED BENEFIT PLANS. JDN