> > -----Original Message-----
> > From: owner-lbo-talk at lists.panix.com
> > [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Jim Westrich
> >
> > http://www.billparish.com/msftfraudfacts.html
> >
> >Apparently Bill Parrish does not like Microsoft and
> > seems to have recently discovered the realities of modern corporate
> > accounting.
>
>The abuse of stock options and their non-reporting in financial statements
>is hardly a cranky issue of concern. THE ECONOMIST among others has
>red-flagged the issue and my Microsoft work convinced me it is a real issue
>of concern in evaluating Microsoft's real profits.
Parish sure does an awful job of making his case - bad writing, bad spelling, bad structure. I've got to track down the Independent article he talks about to see if they do a better job of it.
Doug