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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (185217)	8/1/2002 4:54:24 PM
From: mishedlo	Read Replies (4) \| Respond to of 436258

KLAC strikes back a KO LMAO quote.bloomberg.com KLA-Tencor Considered Banning Coke Over Stock-Option Stance By Cesca Antonelli San Jose, California, July 31 (Bloomberg) -- KLA-Tencor Corp. executives debated removing Coca-Cola Co. vending machines from the company's campus after Coca-Cola embraced an accounting change that's being opposed by many computer-related companies. The world's largest soft-drink maker this month said it will begin to treat stock options issued to employees and executives as an operating expense. Officials at KLA, the world's biggest maker of semiconductor- inspection equipment, were so upset they drafted a letter announcing a ban on Coca-Cola products that mistakenly was sent to staff, KLA spokesman Kern Beare said. KLA hasn't banned the drinks, he said KLA's 2001 profit from operations would been $279.4 million instead of $373.06 million, a 25 percent drop, had the company expensed options. The company's 2000 net income would have been cut 22 percent, $197.6 million instead of $253.8 million.