Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.92

-1.0%

10:49 AM EST

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To: vegetarian who wrote (1603)	1/16/1997 8:52:00 PM
From: Steve Lee	of 61433

They never bought any shares back. Instead, they grant options to employees at a extremely high level (10,000-20,000 per engineer and much higher to management). When they start selling the options, outstanding shares will increase rapidly to dilute earnings badly. from the number used in this Q, 130m vs. 127m last Q, ther are 3m increase of outstanding shares. That is what MM don't want to see. Steve

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