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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.42-2.4%Jan 20 3:59 PM EST

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To: chic_hearne who wrote (47740)2/1/2001 2:06:25 PM
From: The Phoenix   of 77400
 
Chic,

WoW!!! You're confusing too many subjects into one discussion.

Founder shares - incentive for joining a company that may or may not make it. The fellow took a gamble to join a company pre-IPO and as an incentive he recieved part ownership of the private company. When it went public he was allowed to sell shares on the open market. I think you spend too much time worrying about how much everyone else is making (which seems to be a consistent topic on this thread). I think one should worry more about his/her own portfolio. If a person doesn't like a company for whatever reason they should not invest. In the case of your friend others did their due diligence and decided to buy stock. You win some you lose some... investing isn't a guarantee.

As for JNPR..and insider sales... it's not the insiders that have bid the price up to ridiculous levels... it's investors that have done their so called due diligence. Insiders were granted options as an incentive to share in the success of the company. I don't think they ever imagined being worth $60B on revenues of $200M... but it wasn't the insiders that caused this "bubble" but as shareholders they have a right to sell. As investors we have a right to know what our exposure is to option sales via SEC filed documentation.

I simply think there are a lot of people that are bitter over the windfall that others are getting through options.

OG
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