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To: Lizzie Tudor who wrote (63737)	4/27/2003 1:08:57 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77397

Whether companies cut back or employees drop out, ``it's the death knell -- it dies one way or another,'' said Wade Meyercord, a compensation consultant who heads Meyercord & Associates of Los Gatos. ``I think ESPPs are history.'' siliconvalley.com

To: Lizzie Tudor who wrote (63737)	4/27/2003 4:07:38 PM
From: hueyone	Read Replies (2) \| Respond to of 77397

"Inflated reporting earnings results" is only your opinion. Oh really? The independent body designated to determine and set accounting standards for public companies, the Financial Accounting Standards Board, has determined that stock option compensation is an unreported expense that belongs on the income statement. Thus the reported earnings of companies that have been failing to expense stock option compensation---are overstated or inflated by the amount of the value of the unreported stock option compensation. It can't be get much more factual and straightforward than that now, can it? (Although agreeing on a methodology for determining the absolute value of the unreported compensation expense is a separate debate.) The only "underserving companies" who sucked up capital that I think we can all agree on were worldcom, global crossing and Enron. Even Larry Ellison admits there are a 1,000 companies that need to go bankrupt in Silicon Valley. biz.yahoo.com And Michael Dell says: The rational thing to do would be for the [software] companies to just return their money to the investors. And Victoria Hardy from Forbes says No wonder tech customers are in hiding. They are under assault from hordes of software companies that don't even deserve to exist. forbes.com Regards, Huey