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

To: Charles Tutt who wrote (50680)	7/24/2002 11:08:19 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 64865

While it can be assumed that options have some value when issued, and some fluxuating value as they progress toward vesting, these are numbers that would necessarily be arbitrary, as well as subject to a similar manipulation as "valuations" on defined-benefit pension plans. Thus a strong argument exists that options should never be expensed. [Sorry, Warren, but you are frequently wrong about a LOT of things, anyway.] Which leaves us back where we started (I don't believe options have anything at all to do with the crises of corp governance, BTW). A better solution might be to require all "per share" numbers published by any company to include, as share count, all shares for any options granted as of the P/E date-along with a very conspicuous line on the IS and balance sheet showing the number of those shares...