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

To: Knighty Tin who wrote (55683)	4/12/1999 11:41:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, My mother lied to me! <g> dailynews.yahoo.com Wayne

To: Knighty Tin who wrote (55683)	4/12/1999 11:29:00 PM
From: Richard Nehrboss	Read Replies (1) \| Respond to of 132070

Hey Mike, Long time no correspond... I'v also seen those Black-Scholes numbers tossed in at the end of MSFTs numbers. My question (the same question I posed to MSFT investor relations with no response) is this: You can offset the liability of ESOPS by buying calls to cover, but what kind of term? You'd have to buy a whole round of new leaps every couple years. I think they treat it as a one time shot, when they'd really have to keep renewing their calls. Which also brings up the following point. If I went to the CBOE and bought a bazillion MSFT 2001 50 leap calls, the price would shoot to the moon. How do they account for this? Richard