Joshua Byrini's Market View
Byrini's obeservations should not be considered recommendations, advice or suggestions to buy, sell or hold securities, commodities, commodity contracts, options, futures, warrants, insurance contracts, real estate, gemstones, art work or derivatives, as he is neither a registered securities, commodities or real estate broker, diamond merchant, art dealer, or investment advisor. These observations are for informational purposes only. In other words, you are on your own chief.Sunday, October 23, 2005
One smart guy writing for Smart Money estimates a -22% hit to earnings for certain tech companies that paid their employees in options.
The debate whether to force companies to show them as an expense was very much a rage. We even got roped into the debate twices, writing letters to the WSJ, responding to CPA's who honestly questioned or denied that outsized option paydays left the investor with a short end of the stick. But now the debate is over, and companies have to come clean.
Eric Savitz puts investors on notice about companies who are likely to take a hit as investors get used to the new views (and funds that hold them in big ways, from highest hit to lowest risk:
Sibel at 101% hit to earnings
Novall
BEA Systems
Red Hat Software
Mercury Interactive
Informatica
RSA Security
Internet Security Sys
Quest Software
BMC Software
Tibco
Symantec
VeriSign
Business Object
Hyperion Solutions
Adobe
Check Point Software
McAfee
Cognos
SAP
Oracle
Computer Assocates
Microsoft-- at 0% impact to earnings
The debate whether to force companies to show them as an expense was very much a rage. We even got roped into the debate twices, writing letters to the WSJ, responding to CPA's who honestly questioned or denied that outsized option paydays left the investor with a short end of the stick. But now the debate is over, and companies have to come clean.
Eric Savitz puts investors on notice about companies who are likely to take a hit as investors get used to the new views (and funds that hold them in big ways, from highest hit to lowest risk:
Sibel at 101% hit to earnings
Novall
BEA Systems
Red Hat Software
Mercury Interactive
Informatica
RSA Security
Internet Security Sys
Quest Software
BMC Software
Tibco
Symantec
VeriSign
Business Object
Hyperion Solutions
Adobe
Check Point Software
McAfee
Cognos
SAP
Oracle
Computer Assocates
Microsoft-- at 0% impact to earnings
posted by BoxedMerlot # 2:47 PM 
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