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

To: Exacctnt who wrote (71905)	7/31/2002 1:10:30 PM
From: jonkai	Respond to of 74651

Your original clumsy claims were about investment losses and gains and how exactly does this have anything to do with depreciation????? MSFT does many things that are "slippery", investment gains and investment loss reporting is one of them.... ESO's are another.... which one is it you don't understand? i thought the explanation that MSFT uses one rule for gains, and another rule for losses was pretty self explanitory..... a very 'slippery" way to report earnings...... this however has little to do with the IRS set of books, and the shareholder set of books... the ESO's way of reporting is the method they are using here to use one set of rules against another set.... also a very "slippery" way of reporting... something other companies are now starting to run from..... the avalanche of companies switching and the FASB's pressure will bring about the inevitable though for MSFT.... they will never do the right thing by themselves.... they wouldn't even have a foot note, unless the FASB required it..... they lobbied long and hard to not even have the footnote..... thank god someone over at FASB was not completely under Congress' thumb, the way Congress is under Lobbiest's thumb.. jon.