On 2008-08-13, Linonut <linonut@xxxxxxxxxxxxx> claimed:
> * Ezekiel peremptorily fired off this memo:
>
>> "Tim Smith" <reply_in_group@xxxxxxxxxxxxxxxx> wrote in message
>>> Fiscal Year Revenue Expenses Net
>>> ----------- ------- -------- -----
>>> 1997 11936 7065 3454
>>> 1998 15262 8677 4490
>>> 1999 19747 19737 7785
>>>
>>> Did you think if you made up stuff from 10 years ago, no one would be
>>> able to check you, or what?
>>
>> Absolutely incredible. If anyone still thinks that Roy Schestowitz has the
>> slightest clue of what he's writing about then this ought to set the record
>> straight....
> What do you make of this, then?
>
> http://etheridge.ca/articles/economist-options.html
>
> FASB did, however, manage to make firms include a footnote in their
> accounts detailing the share options awarded during the year.
> Smithers & Co., a research firm in London, calculated the cost of
> these footnoted options and concluded that the American companies
> granting them overstated their profits by as much as half in the
> financial year ending in 1998. In some cases, particularly that of
> high-tech firms (which tend to be generous with options), the
> disparity is even greater. For instance, Microsoft, the world's
> most valuable company, declared a profit of $4.5 billion in 1998;
> when the cost of options awarded that year, plus the change in the
> value of outstanding options, is deducted, the firm made a loss of
> $18 billion, according to Smithers.
>
>>> --Tim Smith
>
> He should change his name to Adam.
Poor Timmy and RoadKill. They think they can use MICROS~1's numbers as
though they were real ones. I bet they try to spend Monopoly© money at
the toy store, too.
--
VISTA: Vista is Sickening, Take Aspirin
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