[Am-info] options

John J. Urbaniak jjurban@attglobal.net
Tue, 12 Mar 2002 11:16:39 -0500


I just heard on CNBC that some analyst from Merrill Lynch, I think his
name is Milanovich or something like that, said that if options were
properly treated as expenses, then tech earnings would actually be down
about 60%.

In Microsoft's case, if it's true that they paid no federal income taxes
for the last two years, then what I said before was also true.  They
made NO MONEY for the last two years.

John