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To: Chuzzlewit who wrote (83941)	12/6/1998 1:19:00 PM
From: Naggrachi	Read Replies (2) \| Respond to of 176387

I believe that MD lied about not entering the sub $1000 market and as a result, he should be impeached. Opps, wrong topic, wrong thread. <gggg> Zead It's a negative for CPQ no matter which way you look at it.

To: Chuzzlewit who wrote (83941)	12/6/1998 10:57:00 PM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 176387

Paul: Just in case you missed this news item last Friday, I am posting it for you. I do not know options from potions. This is right up your alley. Shalom! Beni Mick Mormony -------------- The Financial Accounting Standards Board today concluded its initial review of practice problems associated with APB Opinion 25 on accounting for stock issued to employees. FASB Concludes Deliberations on Stock Compensation Issues NORWALK, Conn., Dec. 4 /PRNewswire/ -- The Financial Accounting Standards Board today concluded its initial review of practice problems associated with APB Opinion 25 on accounting for stock issued to employees. The Board will issue an Exposure Draft of a proposal interpreting the Opinion in the first quarter of 1999. The proposed effective date would be the issuance date of the final Interpretation (expected to be in September 1999). If adopted, the Interpretation would be applied prospectively but would cover events that occur after December 15, 1998. There would be no effect on financial statements for the period prior to the effective date of the final Interpretation. The proposal will focus on several practice issues that have been identified by constituents as needing clarification by the FASB. The most significant of the issues to be addressed are the accounting for re-priced options, non-compensatory ''Section 423'' plans with look-back options, a subsidiary's accounting for parent company stock issued to the subsidiary's employees, and the definition of ''employee'' for purposes of applying Opinion 25. On those issues, the Board has tentatively concluded that: -- Once an option is re-priced, that option must be accounted for as a variable plan, giving rise to compensation expense for subsequent changes in the stock price, from the time it is re-priced to the time it is exercised. -- Plans with a look-back option are not, in and of themselves, compensatory plans. -- If parent-company stock issued to employees of a subsidiary is accounted for under Opinion 25 on a consolidated basis, a subsidiary may account for parent-company stock issued to its employees under Opinion 25 in their separately issued financial statements, provided that the subsidiary is part of the parent company's consolidated financial statements. -- For purposes of applying Opinion 25 the definition of "employee" would be the common law definition, which is also the basis for the distinction between employees and non-employees in U.S. tax law. FASB Chairman Edmund L. Jenkins explained that ''The practice issues in this project are not new and are not related to our standard -- Statement 123 -- on stock compensation issues, which is a disclosure only standard. The current issues long have been troublesome to employers and their auditors and, when the Board decided that it would not supersede Opinion 25 with Statement 123, we recognized the need to address the practice issues related to Opinion 25.'' A discussion of the decision the Board has made is available on the FASB web site, www.FASB.org. SOURCE: Financial Accounting Standards Board biz.yahoo.com