Check again, Loop. Here's the relevant excerpt: RESTRICTED STOCK
ADVANTAGES
1) No executive investment required 2) Promotes immediate stock ownership 3) charge to earnings is fixed at time of grant 4) if stock appreciates, company's tax deduction exceeds fixed charge to earnings 5) aligns executive's interests with shareholders 6) recognizable to most executives 7) offers executive potentially long-term appreciation as company grows.
DISADVANTAGES
1) Charge to earnings 2) Immediate dilution of EPS 3) Executive my incur tax liability before shares are sold 4) If stock depreciates, company's fixed-earnings charge exceeds tax deduction
And this is what I said about 3G: I'm cautiously optimistic about 3G and I probably have a better way of monitoring 3G network deployments than 90% of the people here,