Concern will mount and the price will continue to drop; 23 1/2 by Monday 13th. But after earnings, a quick move to $29.
I don't think the price will drop to that low before reports, but
nobody knows.
After reviewing proxy tonight, I believe all the six proxy questions
can be approved. One big one - 17m shares dedicated to CEO's, which
exercise option price will be the price on the date of approval.
Hmm..., I don't know if Jobs wants lower or higher price for his
big option. Besides, I also don't understand why 17m? It should
be based on Job's performance. The medium compensation of S&P 500
CEO's is around $3m (including salary, stock option, etc.) based on
today's CNBC report. If 17m is given to Jobs and exercise price is
$25, then when the price reaches to $30, he will make 85m bucks,
which will be the top 10 CEO's compensations. It makes me believe
Q2 got to be excellent since 17m shares option worth is not a trivial
payment. I will see how the game will continue.
Phil |
