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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (16750)	4/25/2003 2:51:28 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 57684

Lizzie: My overall take is we ended a secular bull market in March of 2000 and are now in a secular bear. How long it takes to correct the excesses from the mid to late 90's is anyones guess. I actually think we have quite a few scenarios similar to Japan BUT it doesn't mean we follow it. While we do have some self correcting mechanisms we still have gov't intervention which prolongs the re adjustment period. As for corporate integrity issue. I still can't believe how FASB & AICPA have been compromised. By compromised in this instance they both have had to be brought to the table kicking and screaming. Lets not get into the options as my opinion is as long as the shares in recorded in fully diluted eps, which they are once they are in the money and they are disclosed in footnotes then investors should take some responsibility. Note though the game companies play in "repricing" options to avoid expensing. These companies (BRCD, SEBL come to mind) should be forced to comply as they are following the letter but not the intent of current option accounting under FAS. Boards and accountants need to shape up. Boards as executive pay is just way out of line with the average employee and governance. Accountants need to expand scope of audits and become righous. have a good weekend