Microsemi (MSCC) Strong Earnings & BTB Message Board

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Technology Stocks : Microsemi (MSCC) Strong Earnings & BTB

MSCC 68.74

0.0%

May 29 5:00 PM EST

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To: SemiBull who wrote (1387)	11/4/2002 7:11:06 PM
From: SemiBull	Read Replies (1) of 1445

Microsemi Offers Employees Right To Reprice 1.9 Million Options Friday November 1, 9:04 am ET WASHINGTON -(Dow Jones)- Microsemi Corp. (NasdaqNM:MSCC - News) plans to offer employees holding 1.9 million stock options the opportunity to have the options repriced, according to a regulatory filing Friday. Employees who hold Microsemi stock options with an exercise price of $14 a share and higher may participate in the exchange offer. Shares of Microsemi closed Thursday at $7.43. In the exchange offer, employees will surrender their options to the company and receive new options six months later with an exercise price based on the stock price on the grant date, the filing with the Securities and Exchange Commission said. Microsemi said that 4.6 million common shares are covered by outstanding options as of Oct. 28, of which 1.9 million have an exercise price of at least $ 14 a share. Microsemi supplies power management, RF/Microwave, transient suppression and power conditioning semiconductor devices. It has about 28.9 million shares outstanding. -By Robert L. Grant; Dow Jones Newswires; 202-393-7851; robert.grant@dowjones.com

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