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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (968)	6/1/1998 9:20:00 PM
From: Skeeter Bug	Respond to of 2578

carl, we ae very close in agreement. the current system is one of smoke and mirrors. those that are attacking it use smoke and mirrors to make their point bigger than it is. woe to the longs when the term "options" becomes a four letter word, though ;-)

To: Bilow who wrote (968)	6/1/1998 11:09:00 PM
From: rudedog	Read Replies (1) \| Respond to of 2578

The only issue I have with this excellent analysis has to do with the ability of the company to provide compensation without taking expense for it. I think that you are right, this is the market paying the compensation, not the company, but the extreme cases where folks work for $1 a year and a boatload of options make the point that the shareholders pick up the tab. Maybe the fact that this only works if ALL of the shareholders (including both option holders and existing stock owners) see a benefit makes this a moot point. The smaller piece of a bigger pie argument. In any event I think you are right about the FASB #123 rule, it passes the common sense test, at least for simple cases I can devise.