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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (51763)	3/13/1999 11:47:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

<<Is Bill Parish aware of it?>> No. Feel free to let him know. I really don't know if it will be of any help to his crusade. But I felt like I should do my own bit. Yesterday I have read most of the stuff he put on his website. Not that I am not aware of some of the stuff he has written about, but the magnitude of the problem got me disturbed.

To: Earlie who wrote (51763)	3/13/1999 2:54:00 PM
From: gbh	Read Replies (2) \| Respond to of 132070

Earlie, re: the MSFT Employee Options program. In their earnings releases MSFT does talk about a "fair" expensing of these options being made IF they had purchased call options to cover the option grants, at the time of grant. And they go as far to break down basic income statement if this had been done. It doesn't look significantly different than the "generally accepted" statement. The point is, if this tax loophole is closed, wouldn't MSFT simply buy the calls at the time of grant, to expense these options at time of grant, and let the market, in fact pay its employees, if and when the stock rises. And I guess I don't see how this is dilutive one way or the other. Gary