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