Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 212.93

+5.6%

Dec 8 4:00 PM EST

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To: John M. Gelnieau who wrote (3270)	9/17/1998 9:34:00 PM
From: Wowzer	Read Replies (1) of 12623

This is pure bullshit, excuse my french but this company is losing business left and right as a result of it's top employees' mistakes and the company has the balls to reprice its options to 12 and change. Screw the shareholders they just own the company. I think top management should be fired with the new management getting the options at 12. This is a real pet peeve of mine when management reprices its options. If management wants to get paid in options they have to accept the risk as well. Last time I checked the stock went to hell on their watch. Why in the hell should you reward them with new options that are almost in the money now?!? This stock was as high as $92 just a couple of months ago. A lot of shareholders have lost a hell of lot of real money in this company (not just the option to make fortune) and they don't get to reprice their shares. For this reason alone I would never invest this POS company. AMD did the same thing about a year ago and they still a loser company. I guess it is time to reprice their options as well. Sorry just had to vent Rory

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