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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (10105)	4/22/1998 7:00:00 PM
From: Neil Booth	Respond to of 10836

all this dilution is going to start to catch up There was analysis done recently on US companies' accounting for share options. It came to the conclusion that if share options were valued properly in accounts, then profits would be far less impressive. In particular, for 1997 (I think) it said MSFT, Intel and others would have posted losses, not profits. The problem with share options is it's fine as long as the shares keep going up. Look what happens when they go down - not only do guys start to cash their options in, but companies have a nasty habit of bringing down the strikes - witness ORCL and BORL itself. Shareholders are very, very short volatility to the downside, in option-trading speak. Neil.