[Am-info] Fool's selling Microsoft stock

Joe Moore Joe.Moore@sdrc.com
Mon, 5 Aug 2002 17:10:52 -0400


Microsoft (MSFT) is being removed from The Motley Fool's "rule-maker" 
portfolio of companies.

http://www.fool.com/portfolios/RuleMaker/2002/rulemaker020731.htm

Interesting reasons:
> It all comes down to an issue of character. In this case the company has 
> failed to maintain the best interests of outside shareowners. By declining 
> to show true leadership on the stock option expensing issue -- which 
> management claims to agree with -- Microsoft no longer meets the criteria 
> of a Rule Maker company. 

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> We've known for years that Microsoft was a serial user of various accounting 
> tricks to "groom" earnings, including delaying revenues for use in later 
> quarters.

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> Microsoft had the opportunity to show true leadership, and it declined.

--Joe