Gravytrain ...

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 10 June 2002

"Portable Collaboration. Colligo provides collaboration software that makes it easy to connect and communicate with the people you need to, regardless of location, network or device
11:14:07 PM   

The second shoe in the auditing scandal is going to be stock options.  Stock options represent a wage expense and should be charged against earnings.  When that happens, Microsoft's earnings history will be restated to look like this (this was done by Bill Parish, who did some good work, but is a little over the top on other issues concerning Microsoft).  He estimates that a stunning 65 percent of Microsoft's cash did not originate from product sales but rather from tax benefits associated with the exercise of stock options, employees prepaying their own wages, and the sale of put contracts on its own stock.  Yikes!!

[John Robb's Radio Weblog

11:06:03 PM