Michael Brush of MSN Money is at it again working with Albert Meyer to show how company profits are not quite what they seem when stock options are involved. Michael writes:

Look at semiconductor maker Broadcom. Its reported options expense fell by more than $200 million between 2004 and 2005, even though the company issued 36.1 million stock options last year compared with 19.9 million in 2004. A big reason for the expense drop: The company changed assumptions for how volatile its stock price would be and for how long those options would be in force.

The full article can be read HERE.