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Technology Stocks : JDS Uniphase (JDSU)

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To: rkral who wrote (22555)	4/27/2002 12:09:18 PM
From: hexamon	Read Replies (2) of 24042

Ron, I've not trying to start an argument, just trying to put over another point of view based on my knowledge of the workings of share option schemes. People only seem to concentrate on what is visible, and not what may be happening unseen, which may be more significant. Unfortunately, I don't think that the information concerning outstanding exercisable options is publicly available until they are actually exercised. I'm simply quoting what I understand as standard practice in EVERY Naz/Nyse listed company, based on information that I've gleaned from employees at all levels from admin. staff up to officers where I've had contacts. The only reason I can think of for anyone in a company to exercise and hold their shares is if the option period is about to expire, AND they want to take their chances with future stock price movements. Option period is typically ten years, and options seem to be treated as salary (which is how they usually get taxed) and drawn down as needed. I'm not defending JDSU management, but I don't think they're quite as bad as they're made out to be. If you want a real example of screwing the shareholders, look at what RATL did with their 'spin-in' of Catapulse, and who gained from it!

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