"The Financial Accounting Standards Board (FASB) is now four months and eight meetings into its redeliberation process with respect to the proposed interpretation of APB Opinion No. 25, Accounting for Stock Issued to Employees (Opinion 25). To date, the FASB has resolved a majority of the issues in the proposed interpretation and plans to issue a final interpretation in the first quarter of 2000. Summarized below are the FASB's conclusions with respect to the most substantive issues that have been redeliberated thus far. A detailed outline of the proposed interpretation and the results of the FASB's redeliberations to date is presented in the Exhibit at the end of this letter."  MORE >>