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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 221.25

-0.6%

2:17 PM EST

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To: GST who wrote (160019)	5/23/2004 8:33:23 AM
From: Madharry	Read Replies (2) of 164684

Out of the market options are not worthless at all- many of the biotech companies repriced those options at what was almost the a multiyear low for many of the companies. Sepracor for example went down from 60+ to 4 the options were repriced in the 6 area. It would be interesting for someone to sit down and caluculate the cost of option repricing to shareholders, and by the way in most cases this repricing is not subject to shareholder approval.

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