S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

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May 12 5:00 PM EST

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To: Bill Lin who wrote (7035)	10/30/1997 11:19:00 AM
From: SidStock	of 14577

Bill, they retain their original vesting terms. That is really not good. There is no incentive for management to get the stock price up. If it drops they get to reset the price and not the vesting. It is in the management's benefit to to actually drop the price, and reset the options price. The ride it back up (assuming it goes back up) and make even more money. Jerry Sanders @ AMD did this all the time with their stock. Eventually he made a ton repricing $37 dollar shares all the way down to $4 over several years, and then selling in the 20s. The stock has never recovered to its 1985 price level. Sid

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