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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Dee Jay who wrote (60560)	4/4/1999 3:34:00 AM
From: Chuzzlewit	Respond to of 61433

So what's wrong with paying for brainpower in cash and accounting for it as an expense? Or if you insist on options, why not account for them as an expense? Answer: the idea is to hide the cost from shareholders. This is not an issue specific to ASND. It is a pervasive practice in Silicon Valley, and I think it needs to stop. The first step is to explicitly state the cost to shareholders on the income statement. TTFN, CTC