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To: hueyone who wrote (174250)4/27/2003 1:16:02 AM
From: THE WATSONYOUTH  Read Replies (1) | Respond to of 186894
 
There are a number expensing proposals that favor valuing the options at date of grant, amortizing the expense over the vesting period, but revaluing the options expense annually or quarterly until the options have been exercised or expired, thus reconciling the final expense reported to investors and the final expense reported to the IRS. These proposals have the additional benefit of addressing those concerned with expensing underwater options that may likely never see the light of day. Frankly, I am for a proposal along these lines.

I agree with this approach completely. Long overdue.

THE WATSONYOUTH