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To: Lizzie Tudor who wrote (63373)	3/17/2003 4:30:49 PM
From: hueyone	Read Replies (1) \| Respond to of 77400

Amazon- my favorite It is interesting that one of your favorite companies is one of the 150 S&P companies that has been honest enough to admit that stock option compensation is an expense, and now expenses them on the income statement. Do you think Amazon, who has never even reported a profitable year, was running around saying, "Gee, I wonder if there are any more expenses we can make up to put on the income statement so we can report even bigger losses to shareholders?" Regards, Huey

To: Lizzie Tudor who wrote (63373)	3/17/2003 5:42:23 PM
From: hueyone	Respond to of 77400

do you think that will be how he (John Doerr) is remembered on his tombstone? By the way, I edited "shady" out of my post and changed it to "highly questionable" in reference to today's accounting. Rkal has pointed out that I have a bad habit of referring to legal accounting with nasty names. You are probably right that John Doerr will be remembered for companies he started. I disagree with him on this accounting issue, however, and actually feel that accounting for stock options on the income statement, though likely to cause some short term pain for some companies, would be beneficial for the tech industry and all public companies in the long run. I think it will help get some managers of public companies back on track towards managing for legitimate shareholder value. Regards, Huey