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

To: Charles Tutt who wrote (51806)	9/23/2002 2:10:35 PM
From: Mark Marcellus	Read Replies (1) \| Respond to of 64865

I'd like to see some backup for that. You can certainly argue that they, like many others, are giving away the company via options. However, with revenues of about $550,000 per employee and GM in the high 80's, I don't see how you can argue that anything other than the extreme profitability of the company is responsible for their enviable cash position.

To: Charles Tutt who wrote (51806)	9/23/2002 2:14:39 PM
From: cfimx	Read Replies (1) \| Respond to of 64865

I agree with Mark. This is mis-information from an uninformed and biased onlooker.

To: Charles Tutt who wrote (51806)	9/25/2002 7:46:31 PM
From: DiViT	Read Replies (3) \| Respond to of 64865

Q: There's a movement to expense tax options, but most technology companies have voiced disagreement. What's your position? "If you want to screw up investor understanding of how much money we're making, then come up with some random Black-Scholes evaluation, where we take options from two years ago and value them at some unbelievable number. I'm happy to sell you all my options from two years ago at half the Black-Scholes number right now. Everywhere in Silicon Valley you'll find employees who are working very hard to make their options worth something. You can go visit any one of our labs. We have teams of engineers working all throughout the night, busting their humps. If I was a shareholder, I'd love that kind of effort. " But then you have a big investor like Warren Buffet who says it's a good idea to expense options? "He doesn't give out options in his company. This is just another tax on innovation." "Intel is the No. 1 server player" From an interview with Scott McNealy news.com.com