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

To: Elroy who wrote (53559)	3/30/2003 1:43:31 AM
From: Charles Tutt	Respond to of 64865

It's a perception thing. Zero earnings means an infinite PE. I've been to the UAE (Dubai, in particular), but it was many years ago; I'm glad to hear Americans still have friends there. As for your evaluation of Europe -- LOL! Like in any geography, accommodations vary. There was quite a range of lifestyles present in the UAE, too, as I recall (I still remember walking past the butcher's shop down the street from the Intercontinental Hotel!). JMHO. Charles Tutt (SM)

To: Elroy who wrote (53559)	3/30/2003 12:38:55 PM
From: Lizzie Tudor	Respond to of 64865

If CSCO has zero reported earnings as a result of expensing options, but still generates $400 million per month in operating cash flow, does it really matter? I thought that too, but then I considered the IPO case where virtually all IPOs will go out as if they are bleeding red ink. That bothers me a little. Those "in the know" (meaning institutions) will know that Google is a cash machine but everybody else is going to think its another pets.com due to these options expenses. I don't think the true picture is represented, not to mention the issue of how to figure out that "risk premium" to factor against the options which will probably be some astronomical figure for an IPO. No, I think there are way too many holes in the method being proposed for options expensing, tacking on a phony $1billion expense for every new IPO out of the gate doesn't work for me. And on a different note, I live in the Middle East, in the United Arab Emirates. It is a very safe place for Americans. The local Arabs don't like war in Iraq, and they also don't like Saddam Hussein, which is the view held by most of the world's population as far as I can tell. Wow! Interesting. What is the impression people have of George Bush though? I don't think Bush is popular at all on the world stage. Clinton was very well liked, as was Bush's father from what I understand.