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To: GVTucker who wrote (62978)	2/6/2003 4:38:10 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

There is a universal consensus among accountants. The AICPA has wanted to expense options for almost a decade now. And given that this only concerns GAAP, accountants really are the only people that matter. Did you read my prior posts? I couldn't disagree with this more. How many great companies can you name that were conceived of and built by accountants. None around here. There are plenty of big investors who disagree with Chambers. If you know anyone over at Kleiner Perkins, ask that person how many people there think options should be expensed. You'll be surprised at the answer. I don't know everyone at Kleiner but I know the enterprise software partners and they are extremely against options expensing, as are the enterprise software people at Accel, I have no idea what you are talking about here. See the article on Doerr below (the most wellknown from KPCB). They support options because they are trying to conserve cash and motivate in their companies and options do that. John Doerr, a well-known Silicon Valley venture capitalist, stole the evening Wednesday when he went ballistic on the issue of reporting stock options as an expense. siliconvalley.com I think I'll opt out of this debate now, I've said all I have to say on the matter. Lizzie