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Technology Stocks : How high will Microsoft fly?
MSFT 487.790.0%Dec 26 3:59 PM EST

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To: Doug Fowler who wrote (38814)2/29/2000 10:35:00 PM
From: rudedog  Read Replies (2) of 74651
 
Doug -
re: Microsoft is going to find it MUCH harder to attract new talent with a dead money stock
I disagree - it was much harder for MSFT to use options to attract talent when the stock was higher - a drop like this is a big incentive for people on the fence to jump now and get those options at 89 instead of 115... it's "buy low sell high" with big time leverage. Remember that for the ESOP, the absolute value of the stock means nothing, only the change between grant and exercise. Every point down is a hidden bonus for a new employee.
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