Subject: Re: Earnings Report, Funding Secured
there was a truly massive amount of stock-based compensation this past quarter:
$74m on the cash flow statement ...

If there's any good news in this, the bulk of the $74M -- around $40M -- was a
one-time write-off of the cancellation of Paul Gu's performance based stock units.
He is now back on salary. Of course, he now is eligible for the bonus and stock-award
incentives that the other executives get. I did my part by voting against the pay plan
at the annual meeting. :)

Remember we were speculating about a large write-off of some sort. Throwing it into
an already bad quarter. Looks like this was it. I guess the other good news is that
it was non-cash.

Ears <long Upstart>