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Saturn V

07/08/03 9:36 PM

#6016 RE: COMMON SENSE #6015

Ref < What's worse is that many tech companies were heavy issuers of stock options, and they had no earnings at all last year. Examples include Sun Microsystems (SUNW: news, chart, profile), Micron Technology (MU: news, chart, profile), Agilent >

What a meaningless statement ! It implies that companies which did not issue options made handsome profits, and those that issued options had a poor return on shareholders capital !


Regarding Microsoft change, it is not a change at all. The granting of restricted stock is disguised option ! Same old wine in a new bottle ! But the tax treatment for the employee will be different. He will be taxed on the restricted stock even though he cannot sell it.