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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: jonkai who wrote (71898)	7/31/2002 12:46:30 PM
From: Exacctnt	Read Replies (1) \| Respond to of 74651

<<<<that is when it becomes problematic.... most company's two books look uncannely the same...... where MSFT actually showed the IRS huge LOSSES one year, and instead the Shareholder it showed earnings.......>>>> You are making outrageous statements. The IRS returns are private and you can't know the contents of what "most company's" statements look like. I can also make an unsubstantiated claim that most companys books are wildly divergent. MSFT reporting huge losses to the IRS is absurd. If you are making that claim because of high option tax benefits then you'd better look up where the offset to that tax credit goes, to paid in capital. It never hits the income statement in either set of books. It is a simple reduction to the statutory tax rate.