Software Publishing(SPCOD) Message Board

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Technology Stocks : Software Publishing(SPCOD)

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To: IN_GOD_I_TRUST who wrote (132)	5/12/1997 9:30:00 PM
From: James F. Hopkins	of 353

HI Steve: I bid on her today but tried to get her on the low side, as I don't see any real fast move up yet. Any way I missed her today and may bid up a little tomorrow..but I like to buy as cheap as I can. The amount of shares out is what I'm confused about ---------------------- About the option incentive plan..lots of companies doing that.. like they copy cat it ..but it's not a good deal..and breeds all kinds of ills if the company don't go up..as far as it being an incentive..well each one thinks they are an exceprtion, but the incentive it breeds for dishonest book keeping and hype often out weighs the good it does. I like profit sharing plans..with ok BUD..you been here 6 months you can buy stock and we match your funds up to x dollars.. the longer you stay the more we will do matching funds towards stock you "BUY"... in as much as we match thoes funds and you get the stock at a discount..you have to hold that stock " we hold it for you for at least a year before selling it "..now thats incentive that works..and it's a win win..as the stock is bought on the market..the company matches funds ..it's all tracked and up front with the share holders and it does not dilute the stock the way the so called incentive options does..with the latter plan some one has to lose..often both..it breeds dishonesty..mother Treasa would get corrupted in a plan such as most of these companies now put forard..I think some of them do it in good faith, and with the best of intentions..but it's not good. Profit sharing..and matching funds..with a restrictive clause is OK, this rob Peter to pay Paul option deal they seem to be spouting reeks of shysterizum..but SPCO is not the only one the whole tech sector seems hell bent on going to hell with employee options..dress it up any way you want and pour perfume all over it..it won't change what it is..do the employee incentive plan up front and give the employee a choise..you get x dollors from profit shareing this year..now it's up to you.. but if you put thoes profit sharing dollars into our stock..at market value..we then match that amount so in effect you get the stock at half price, but can't sell it for a year..if you chose not to put it into our stock you get the profit sharing bonus, in cash ( and we don't have to match funds ) JIM

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