Option Update

Following up on a story from last month about expensing options, the FASB has postponed implementation of option expensing for six months. This means that companies will not be required to expense options until after June 15, 2005.

Many hope that during this time some kind of valuation model that is realistic will be instituted. There are also questions about "negative valuations" - if for instance a stock option can't be exercised, it may carry a negative valuation. If that's the case, companies could increase profits by handing out options that can't be exercised!!

We'll continue to follow this closely and keep you up to date. In the meanwhile, let's do some business and earn some of those options!

"Google" Yourself

How do your stakeholders, competition and the media check your reputation? More and more often, it is being done quickly with the click of a mouse. That’s right, all someone who wants to know about you has to do is type your name into a search engine and voila! Out comes some very interesting information.

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VC Performance

Venture capital performance surpassed both the NASDAQ and the S&P 500 as measured at the close of the second quarter of 2004, posting double-digit returns for the long-term investment horizons, according to Thomson Venture Economics and the National Venture Capital Association (NVCA).

[FULL ARTICLE]

On Their Own

Unsecured creditors need a level playing field, which means getting their own investment bankers.

Numerous Chapter 11 cases are being filed by middle-market businesses with secured claims in excess of going-concern values, and many unsecured creditors - typically trade vendors, employees and other service providers - face little to no recovery.

[FULL ARTICLE]