Zeev's Turnips Patch-No Politics (ZEEV)

[Fred Langford]

EBAY to show Zero Earnings
http://www.forbes.com/2003/02/04/cz_em_0131acctopts_print.html

As the International Accounting Standards Board in London completes its set of accounting rules requiring expensing of options, expect the U.S. to follow along. All companies will probably have to expense options in 2004.

As companies begin expensing, investors can expect the largest impact to be felt in technology, biotech, support services, telecom equipment and some telecom services, semiconductor makers and equipment manufacturers, as well as financial services firms.

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Meg has already admitted on CNBC that without stock options ebaY would have no earnings. Also consider the dilution effect of both PayPal for EBAY stock purchase, annual stock options, and EBAY shares have actually diluted nearly 30% during 2002 alone.